This property looks like a bad Mid-Term investment with a projected -8.47% first-year return on $69,135 initial cash invested.
-8.47%
Cash On Cash
4.43%
Cap Rate
0.68
DSCR
$1,482
Rent
-$488
Cashflow
Cash Flow
$1,482 income − $1,970 expenses = $488 out of pocket
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,135
Downpayment
20%
$48,700
Closing costs
1%
$2,435
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,482
Total Expenses
$1,970
Mortgage P&I
90%
$1,327
Property Taxes
4%
$53
Home Insurance
6%
$87
HOA
0%
$0
Property Management
12%
$178
CapEx
4%
$59
Vacancy
3%
$44
Maintenance
4%
$59
Other
11%
$163