This property looks like a bad Mid-Term investment with a projected -9.19% first-year return on $68,778 initial cash invested.
-9.19%
Cash On Cash
4.18%
Cap Rate
0.65
DSCR
$1,778
Rent
-$527
Cashflow
Cash Flow
$1,778 income − $2,305 expenses = $527 out of pocket
Investment Breakdown
|
Purchase Price
$242k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,778
Downpayment
20%
$48,360
Closing costs
1%
$2,418
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,778
Total Expenses
$2,305
Mortgage P&I
73%
$1,298
Property Taxes
18%
$314
Home Insurance
5%
$89
HOA
0%
$0
Property Management
12%
$213
CapEx
4%
$71
Vacancy
3%
$53
Maintenance
4%
$71
Other
11%
$196