This property looks like a bad Mid-Term investment with a projected -1.17% first-year return on $69,576 initial cash invested.
-1.17%
Cash On Cash
6.82%
Cap Rate
1.03
DSCR
$2,742
Rent
-$68
Cashflow
Cash Flow
$2,742 income − $2,810 expenses = $68 out of pocket
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,576
Downpayment
20%
$49,120
Closing costs
1%
$2,456
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,742
Total Expenses
$2,810
Mortgage P&I
49%
$1,354
Property Taxes
16%
$435
Home Insurance
3%
$88
HOA
0%
$0
Property Management
12%
$329
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$302