This property looks like a bad Mid-Term investment with a projected -1.64% first-year return on $69,492 initial cash invested.
-1.64%
Cash On Cash
6.56%
Cap Rate
1.01
DSCR
$2,644
Rent
-$95
Cashflow
Cash Flow
$2,644 income − $2,739 expenses = $95 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,492
Downpayment
20%
$49,040
Closing costs
1%
$2,452
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,644
Total Expenses
$2,739
Mortgage P&I
50%
$1,330
Property Taxes
16%
$410
Home Insurance
4%
$100
HOA
0%
$0
Property Management
12%
$317
CapEx
4%
$106
Vacancy
3%
$79
Maintenance
4%
$106
Other
11%
$291