This property looks like a bad Mid-Term investment with a projected -1.87% first-year return on $69,198 initial cash invested.
-1.87%
Cash On Cash
6.47%
Cap Rate
0.99
DSCR
$2,418
Rent
-$108
Cashflow
Cash Flow
$2,418 income − $2,526 expenses = $108 out of pocket
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,198
Downpayment
20%
$48,760
Closing costs
1%
$2,438
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,418
Total Expenses
$2,526
Mortgage P&I
55%
$1,325
Property Taxes
11%
$266
Home Insurance
5%
$112
HOA
0%
$0
Property Management
12%
$290
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$266