This property looks like a bad Mid-Term investment with a projected -4.56% first-year return on $69,450 initial cash invested.
-4.56%
Cash On Cash
5.89%
Cap Rate
0.87
DSCR
$2,158
Rent
-$264
Cashflow
Cash Flow
$2,158 income − $2,422 expenses = $264 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,450
Downpayment
20%
$49,000
Closing costs
1%
$2,450
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,158
Total Expenses
$2,422
Mortgage P&I
64%
$1,381
Property Taxes
10%
$222
Home Insurance
4%
$86
HOA
0%
$0
Property Management
12%
$259
CapEx
4%
$86
Vacancy
3%
$65
Maintenance
4%
$86
Other
11%
$237