This property looks like a bad Mid-Term investment with a projected -57.43% first-year return on $69,975 initial cash invested.
-57.43%
Cash On Cash
-9.16%
Cap Rate
-1.41
DSCR
$3,060
Rent
-$3,349
Cashflow
Cash Flow
$3,060 income − $6,409 expenses = $3,349 out of pocket
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,975
Downpayment
20%
$49,500
Closing costs
1%
$2,475
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,060
Total Expenses
$6,409
Mortgage P&I
44%
$1,337
Property Taxes
128%
$3,926
Home Insurance
3%
$91
HOA
0%
$15
Property Management
12%
$367
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$337