This property looks like a bad Mid-Term investment with a projected -4.24% first-year return on $68,778 initial cash invested.
-4.24%
Cash On Cash
5.97%
Cap Rate
0.88
DSCR
$2,090
Rent
-$243
Cashflow
Cash Flow
$2,090 income − $2,333 expenses = $243 out of pocket
Investment Breakdown
|
Purchase Price
$242k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,778
Downpayment
20%
$48,360
Closing costs
1%
$2,418
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,090
Total Expenses
$2,333
Mortgage P&I
65%
$1,361
Property Taxes
9%
$194
Home Insurance
3%
$66
HOA
0%
$0
Property Management
12%
$251
CapEx
4%
$84
Vacancy
3%
$63
Maintenance
4%
$84
Other
11%
$230