This property looks like a bad Mid-Term investment with a projected -0.57% first-year return on $69,450 initial cash invested.
-0.57%
Cash On Cash
7.16%
Cap Rate
1.05
DSCR
$2,466
Rent
-$33
Cashflow
Cash Flow
$2,466 income − $2,499 expenses = $33 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.7%
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
$2,466
Total Expenses
$2,499
Mortgage P&I
57%
$1,395
Property Taxes
7%
$179
Home Insurance
3%
$86
HOA
0%
$0
Property Management
12%
$296
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$271