This property looks like a bad Mid-Term investment with a projected -5.55% first-year return on $70,500 initial cash invested.
-5.55%
Cash On Cash
5.48%
Cap Rate
0.84
DSCR
$2,608
Rent
-$326
Cashflow
Cash Flow
$2,608 income − $2,934 expenses = $326 out of pocket
Investment Breakdown
|
Purchase Price
$250k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,500
Downpayment
20%
$50,000
Closing costs
1%
$2,500
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,608
Total Expenses
$2,934
Mortgage P&I
52%
$1,364
Property Taxes
23%
$596
Home Insurance
3%
$88
HOA
0%
$0
Property Management
12%
$313
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$287