This property looks like a bad Mid-Term investment with a projected -15.65% first-year return on $63,702 initial cash invested.
-15.65%
Cash On Cash
2.57%
Cap Rate
0.4
DSCR
$994
Rent
-$831
Cashflow
Cash Flow
$994 income − $1,825 expenses = $831 out of pocket
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,702
Downpayment
20%
$49,240
Closing costs
1%
$2,462
Rehab
0%
$0
Furnishing
5%
$12,000
Cashflow
Total Income
$994
Total Expenses
$1,825
Mortgage P&I
133%
$1,319
Property Taxes
8%
$82
Home Insurance
9%
$86
HOA
0%
$0
Property Management
12%
$119
CapEx
4%
$40
Vacancy
3%
$30
Maintenance
4%
$40
Other
11%
$109