This property looks like a bad Mid-Term investment with a projected -4.46% first-year return on $69,744 initial cash invested.
-4.46%
Cash On Cash
5.87%
Cap Rate
0.89
DSCR
$2,637
Rent
-$259
Cashflow
Cash Flow
$2,637 income − $2,896 expenses = $259 out of pocket
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,744
Downpayment
20%
$49,280
Closing costs
1%
$2,464
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,637
Total Expenses
$2,896
Mortgage P&I
52%
$1,360
Property Taxes
21%
$541
Home Insurance
4%
$100
HOA
0%
$0
Property Management
12%
$316
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$290