This property looks like a bad Mid-Term investment with a projected -0.24% first-year return on $70,479 initial cash invested.
-0.24%
Cash On Cash
6.9%
Cap Rate
1.06
DSCR
$2,438
Rent
-$14
Cashflow
Cash Flow
$2,438 income − $2,452 expenses = $14 out of pocket
Investment Breakdown
|
Purchase Price
$250k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,479
Downpayment
20%
$49,980
Closing costs
1%
$2,499
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,438
Total Expenses
$2,452
Mortgage P&I
56%
$1,353
Property Taxes
7%
$181
Home Insurance
4%
$88
HOA
0%
$0
Property Management
12%
$293
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$268