This property looks like a bad Mid-Term investment with a projected -0.33% first-year return on $69,051 initial cash invested.
-0.33%
Cash On Cash
6.84%
Cap Rate
1.06
DSCR
$2,374
Rent
-$19
Cashflow
Cash Flow
$2,374 income − $2,393 expenses = $19 out of pocket
Investment Breakdown
|
Purchase Price
$243k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,051
Downpayment
20%
$48,620
Closing costs
1%
$2,431
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,374
Total Expenses
$2,393
Mortgage P&I
55%
$1,309
Property Taxes
8%
$189
Home Insurance
4%
$88
HOA
0%
$0
Property Management
12%
$285
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$261