This property looks like a bad Mid-Term investment with a projected -0.31% first-year return on $69,660 initial cash invested.
-0.31%
Cash On Cash
7%
Cap Rate
1.06
DSCR
$2,550
Rent
-$18
Cashflow
Cash Flow
$2,550 income − $2,568 expenses = $18 out of pocket
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,660
Downpayment
20%
$49,200
Closing costs
1%
$2,460
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,550
Total Expenses
$2,568
Mortgage P&I
53%
$1,351
Property Taxes
10%
$262
Home Insurance
3%
$89
HOA
0%
$0
Property Management
12%
$306
CapEx
4%
$102
Vacancy
3%
$76
Maintenance
4%
$102
Other
11%
$280