This property looks like a bad Mid-Term investment with a projected -0.77% first-year return on $69,912 initial cash invested.
-0.77%
Cash On Cash
6.78%
Cap Rate
1.04
DSCR
$2,324
Rent
-$45
Cashflow
Cash Flow
$2,324 income − $2,369 expenses = $45 out of pocket
Investment Breakdown
|
Purchase Price
$247k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,912
Downpayment
20%
$49,440
Closing costs
1%
$2,472
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,324
Total Expenses
$2,369
Mortgage P&I
58%
$1,348
Property Taxes
6%
$128
Home Insurance
4%
$102
HOA
0%
$0
Property Management
12%
$279
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$256