This property looks like a bad Mid-Term investment with a projected -0.41% first-year return on $69,429 initial cash invested.
-0.41%
Cash On Cash
6.8%
Cap Rate
1.05
DSCR
$2,271
Rent
-$24
Cashflow
Cash Flow
$2,271 income − $2,295 expenses = $24 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,429
Downpayment
20%
$48,980
Closing costs
1%
$2,449
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,271
Total Expenses
$2,295
Mortgage P&I
58%
$1,321
Property Taxes
5%
$115
Home Insurance
4%
$86
HOA
0%
$0
Property Management
12%
$273
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$250