This property looks like a bad Mid-Term investment with a projected -8.2% first-year return on $68,778 initial cash invested.
-8.2%
Cash On Cash
4.56%
Cap Rate
0.71
DSCR
$2,157
Rent
-$470
Cashflow
Cash Flow
$2,157 income − $2,627 expenses = $470 out of pocket
Investment Breakdown
|
Purchase Price
$242k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,778
Downpayment
20%
$48,360
Closing costs
1%
$2,418
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,157
Total Expenses
$2,627
Mortgage P&I
60%
$1,302
Property Taxes
24%
$507
Home Insurance
4%
$85
HOA
0%
$0
Property Management
12%
$259
CapEx
4%
$86
Vacancy
3%
$65
Maintenance
4%
$86
Other
11%
$237