This property looks like a bad Mid-Term investment with a projected -2.3% first-year return on $68,736 initial cash invested.
-2.3%
Cash On Cash
6.53%
Cap Rate
0.97
DSCR
$2,361
Rent
-$132
Cashflow
Cash Flow
$2,361 income − $2,493 expenses = $132 out of pocket
Investment Breakdown
|
Purchase Price
$242k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,736
Downpayment
20%
$48,320
Closing costs
1%
$2,416
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,361
Total Expenses
$2,493
Mortgage P&I
57%
$1,353
Property Taxes
11%
$253
Home Insurance
4%
$85
HOA
0%
$0
Property Management
12%
$283
CapEx
4%
$94
Vacancy
3%
$71
Maintenance
4%
$94
Other
11%
$260