This property looks like a bad Mid-Term investment with a projected -2.4% first-year return on $69,450 initial cash invested.
-2.4%
Cash On Cash
6.32%
Cap Rate
0.97
DSCR
$2,440
Rent
-$139
Cashflow
Cash Flow
$2,440 income − $2,579 expenses = $139 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,450
Downpayment
20%
$49,000
Closing costs
1%
$2,450
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,440
Total Expenses
$2,579
Mortgage P&I
55%
$1,332
Property Taxes
14%
$331
Home Insurance
4%
$86
HOA
0%
$0
Property Management
12%
$293
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$268