This property looks like a bad Mid-Term investment with a projected -9.68% first-year return on $69,408 initial cash invested.
-9.68%
Cash On Cash
3.75%
Cap Rate
0.61
DSCR
$1,755
Rent
-$560
Cashflow
Cash Flow
$1,755 income − $2,315 expenses = $560 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,408
Downpayment
20%
$48,960
Closing costs
1%
$2,448
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,755
Total Expenses
$2,315
Mortgage P&I
71%
$1,254
Property Taxes
19%
$342
Home Insurance
7%
$122
HOA
0%
$0
Property Management
12%
$211
CapEx
4%
$70
Vacancy
3%
$53
Maintenance
4%
$70
Other
11%
$193