This property looks like a bad Mid-Term investment with a projected -1.19% first-year return on $69,870 initial cash invested.
-1.19%
Cash On Cash
6.86%
Cap Rate
1.02
DSCR
$2,506
Rent
-$69
Cashflow
Cash Flow
$2,506 income − $2,575 expenses = $69 out of pocket
Investment Breakdown
|
Purchase Price
$247k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,870
Downpayment
20%
$49,400
Closing costs
1%
$2,470
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,506
Total Expenses
$2,575
Mortgage P&I
55%
$1,382
Property Taxes
10%
$253
Home Insurance
4%
$88
HOA
0%
$0
Property Management
12%
$301
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$276