This property looks like a bad Mid-Term investment with a projected -2.28% first-year return on $70,374 initial cash invested.
-2.28%
Cash On Cash
6.57%
Cap Rate
0.97
DSCR
$2,364
Rent
-$134
Cashflow
Cash Flow
$2,364 income − $2,498 expenses = $134 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,374
Downpayment
20%
$49,880
Closing costs
1%
$2,494
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,364
Total Expenses
$2,498
Mortgage P&I
59%
$1,404
Property Taxes
8%
$198
Home Insurance
4%
$91
HOA
0%
$0
Property Management
12%
$284
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$260