This property looks like a bad Mid-Term investment with a projected -0.16% first-year return on $69,450 initial cash invested.
-0.16%
Cash On Cash
6.98%
Cap Rate
1.06
DSCR
$2,250
Rent
-$9
Cashflow
Cash Flow
$2,250 income − $2,259 expenses = $9 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,250
Total Expenses
$2,259
Mortgage P&I
60%
$1,345
Property Taxes
3%
$62
Home Insurance
4%
$86
HOA
0%
$0
Property Management
12%
$270
CapEx
4%
$90
Vacancy
3%
$68
Maintenance
4%
$90
Other
11%
$248