This property looks like a bad Mid-Term investment with a projected -1.34% first-year return on $70,080 initial cash invested.
-1.34%
Cash On Cash
6.8%
Cap Rate
1.03
DSCR
$3,048
Rent
-$78
Cashflow
Cash Flow
$3,048 income − $3,126 expenses = $78 out of pocket
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,080
Downpayment
20%
$49,600
Closing costs
1%
$2,480
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,048
Total Expenses
$3,126
Mortgage P&I
45%
$1,362
Property Taxes
21%
$640
Home Insurance
3%
$88
HOA
0%
$0
Property Management
12%
$366
CapEx
4%
$122
Vacancy
3%
$91
Maintenance
4%
$122
Other
11%
$335