This property looks like a bad Mid-Term investment with a projected -3.32% first-year return on $70,941 initial cash invested.
-3.32%
Cash On Cash
6.21%
Cap Rate
0.93
DSCR
$2,445
Rent
-$196
Cashflow
Cash Flow
$2,445 income − $2,641 expenses = $196 out of pocket
Investment Breakdown
|
Purchase Price
$252k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,941
Downpayment
20%
$50,420
Closing costs
1%
$2,521
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,445
Total Expenses
$2,641
Mortgage P&I
57%
$1,403
Property Taxes
14%
$342
Home Insurance
3%
$65
HOA
0%
$0
Property Management
12%
$293
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$269