This property looks like a bad Mid-Term investment with a projected -3.79% first-year return on $69,660 initial cash invested.
-3.79%
Cash On Cash
6.09%
Cap Rate
0.9
DSCR
$2,055
Rent
-$220
Cashflow
Cash Flow
$2,055 income − $2,275 expenses = $220 out of pocket
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,660
Downpayment
20%
$49,200
Closing costs
1%
$2,460
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,055
Total Expenses
$2,275
Mortgage P&I
67%
$1,387
Property Taxes
5%
$102
Home Insurance
4%
$87
HOA
0%
$0
Property Management
12%
$247
CapEx
4%
$82
Vacancy
3%
$62
Maintenance
4%
$82
Other
11%
$226