This property looks like a bad Mid-Term investment with a projected -5.12% first-year return on $70,290 initial cash invested.
-5.12%
Cash On Cash
5.29%
Cap Rate
0.83
DSCR
$1,958
Rent
-$300
Cashflow
Cash Flow
$1,958 income − $2,258 expenses = $300 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,958
Total Expenses
$2,258
Mortgage P&I
67%
$1,319
Property Taxes
10%
$187
Home Insurance
4%
$87
HOA
0%
$0
Property Management
12%
$235
CapEx
4%
$78
Vacancy
3%
$59
Maintenance
4%
$78
Other
11%
$215