This property looks like a bad Mid-Term investment with a projected -2.5% first-year return on $70,206 initial cash invested.
-2.5%
Cash On Cash
6.43%
Cap Rate
0.96
DSCR
$2,199
Rent
-$146
Cashflow
Cash Flow
$2,199 income − $2,345 expenses = $146 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,206
Downpayment
20%
$49,720
Closing costs
1%
$2,486
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,199
Total Expenses
$2,345
Mortgage P&I
63%
$1,391
Property Taxes
5%
$118
Home Insurance
4%
$88
HOA
0%
$0
Property Management
12%
$264
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$242