This property looks like a bad Mid-Term investment with a projected -1.13% first-year return on $70,290 initial cash invested.
-1.13%
Cash On Cash
6.8%
Cap Rate
1.02
DSCR
$2,433
Rent
-$66
Cashflow
Cash Flow
$2,433 income − $2,499 expenses = $66 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,290
Downpayment
20%
$49,800
Closing costs
1%
$2,490
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,433
Total Expenses
$2,499
Mortgage P&I
57%
$1,379
Property Taxes
4%
$106
Home Insurance
4%
$87
HOA
4%
$100
Property Management
12%
$292
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$268