This property looks like a bad Mid-Term investment with a projected -1.91% first-year return on $70,458 initial cash invested.
-1.91%
Cash On Cash
6.47%
Cap Rate
0.98
DSCR
$2,252
Rent
-$112
Cashflow
Cash Flow
$2,252 income − $2,364 expenses = $112 out of pocket
Investment Breakdown
|
Purchase Price
$250k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,458
Downpayment
20%
$49,960
Closing costs
1%
$2,498
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,252
Total Expenses
$2,364
Mortgage P&I
61%
$1,368
Property Taxes
6%
$141
Home Insurance
4%
$89
HOA
0%
$0
Property Management
12%
$270
CapEx
4%
$90
Vacancy
3%
$68
Maintenance
4%
$90
Other
11%
$248