This property looks like a bad Mid-Term investment with a projected -0.62% first-year return on $69,345 initial cash invested.
-0.62%
Cash On Cash
7.04%
Cap Rate
1.04
DSCR
$2,426
Rent
-$36
Cashflow
Cash Flow
$2,426 income − $2,462 expenses = $36 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,345
Downpayment
20%
$48,900
Closing costs
1%
$2,445
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,426
Total Expenses
$2,462
Mortgage P&I
57%
$1,373
Property Taxes
7%
$176
Home Insurance
4%
$88
HOA
0%
$0
Property Management
12%
$291
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$267