This property looks like a bad Mid-Term investment with a projected -1.83% first-year return on $69,345 initial cash invested.
-1.83%
Cash On Cash
6.75%
Cap Rate
1
DSCR
$2,622
Rent
-$106
Cashflow
Cash Flow
$2,622 income − $2,728 expenses = $106 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,345
Downpayment
20%
$48,900
Closing costs
1%
$2,445
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,622
Total Expenses
$2,728
Mortgage P&I
52%
$1,376
Property Taxes
14%
$372
Home Insurance
3%
$88
HOA
0%
$0
Property Management
12%
$315
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$288