This property looks like a bad Mid-Term investment with a projected -0.94% first-year return on $70,542 initial cash invested.
-0.94%
Cash On Cash
6.71%
Cap Rate
1.04
DSCR
$2,572
Rent
-$55
Cashflow
Cash Flow
$2,572 income − $2,627 expenses = $55 out of pocket
Investment Breakdown
|
Purchase Price
$250k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,542
Downpayment
20%
$50,040
Closing costs
1%
$2,502
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,572
Total Expenses
$2,627
Mortgage P&I
53%
$1,351
Property Taxes
12%
$310
Home Insurance
4%
$91
HOA
0%
$0
Property Management
12%
$309
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$283