This property looks like a bad Mid-Term investment with a projected -0.91% first-year return on $68,568 initial cash invested.
-0.91%
Cash On Cash
6.98%
Cap Rate
1.04
DSCR
$2,550
Rent
-$52
Cashflow
Cash Flow
$2,550 income − $2,602 expenses = $52 out of pocket
Investment Breakdown
|
Purchase Price
$241k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,568
Downpayment
20%
$48,160
Closing costs
1%
$2,408
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,550
Total Expenses
$2,602
Mortgage P&I
53%
$1,350
Property Taxes
12%
$300
Home Insurance
3%
$86
HOA
0%
$0
Property Management
12%
$306
CapEx
4%
$102
Vacancy
3%
$76
Maintenance
4%
$102
Other
11%
$280