This property looks like a bad Mid-Term investment with a projected -1.06% first-year return on $68,904 initial cash invested.
-1.06%
Cash On Cash
6.36%
Cap Rate
1.02
DSCR
$2,168
Rent
-$61
Cashflow
Cash Flow
$2,168 income − $2,229 expenses = $61 out of pocket
Investment Breakdown
|
Purchase Price
$242k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,904
Downpayment
20%
$48,480
Closing costs
1%
$2,424
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,168
Total Expenses
$2,229
Mortgage P&I
58%
$1,258
Property Taxes
7%
$145
Home Insurance
4%
$89
HOA
0%
$0
Property Management
12%
$260
CapEx
4%
$87
Vacancy
3%
$65
Maintenance
4%
$87
Other
11%
$238