This property looks like a bad Mid-Term investment with a projected -2.98% first-year return on $68,526 initial cash invested.
-2.98%
Cash On Cash
6%
Cap Rate
0.94
DSCR
$2,164
Rent
-$170
Cashflow
Cash Flow
$2,164 income − $2,334 expenses = $170 out of pocket
Investment Breakdown
|
Purchase Price
$241k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,526
Downpayment
20%
$48,120
Closing costs
1%
$2,406
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,164
Total Expenses
$2,334
Mortgage P&I
59%
$1,287
Property Taxes
10%
$222
Home Insurance
4%
$88
HOA
0%
$0
Property Management
12%
$260
CapEx
4%
$87
Vacancy
3%
$65
Maintenance
4%
$87
Other
11%
$238