This property looks like a bad Mid-Term investment with a projected -1.7% first-year return on $70,500 initial cash invested.
-1.7%
Cash On Cash
6.75%
Cap Rate
0.99
DSCR
$2,289
Rent
-$100
Cashflow
Cash Flow
$2,289 income − $2,389 expenses = $100 out of pocket
Investment Breakdown
|
Purchase Price
$250k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,289
Total Expenses
$2,389
Mortgage P&I
62%
$1,415
Property Taxes
5%
$106
Home Insurance
4%
$88
HOA
0%
$0
Property Management
12%
$275
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$252