This property looks like a bad Mid-Term investment with a projected -1.61% first-year return on $70,248 initial cash invested.
-1.61%
Cash On Cash
6.21%
Cap Rate
1
DSCR
$2,490
Rent
-$94
Cashflow
Cash Flow
$2,490 income − $2,584 expenses = $94 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,248
Downpayment
20%
$49,760
Closing costs
1%
$2,488
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,490
Total Expenses
$2,584
Mortgage P&I
51%
$1,281
Property Taxes
15%
$366
Home Insurance
4%
$89
HOA
0%
$0
Property Management
12%
$299
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$274