This property looks like a bad Mid-Term investment with a projected -1.45% first-year return on $68,505 initial cash invested.
-1.45%
Cash On Cash
6.77%
Cap Rate
1
DSCR
$2,170
Rent
-$83
Cashflow
Cash Flow
$2,170 income − $2,253 expenses = $83 out of pocket
Investment Breakdown
|
Purchase Price
$241k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,505
Downpayment
20%
$48,100
Closing costs
1%
$2,405
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,170
Total Expenses
$2,253
Mortgage P&I
62%
$1,352
Property Taxes
4%
$77
Home Insurance
4%
$86
HOA
0%
$0
Property Management
12%
$260
CapEx
4%
$87
Vacancy
3%
$65
Maintenance
4%
$87
Other
11%
$239