This property looks like a bad Mid-Term investment with a projected -0.7% first-year return on $70,290 initial cash invested.
-0.7%
Cash On Cash
6.86%
Cap Rate
1.03
DSCR
$2,192
Rent
-$41
Cashflow
Cash Flow
$2,192 income − $2,233 expenses = $41 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
$2,192
Total Expenses
$2,233
Mortgage P&I
63%
$1,376
Property Taxes
1%
$24
Home Insurance
4%
$87
HOA
0%
$0
Property Management
12%
$263
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$241