This property looks like a bad Mid-Term investment with a projected -4.2% first-year return on $69,975 initial cash invested.
-4.2%
Cash On Cash
5.84%
Cap Rate
0.88
DSCR
$2,062
Rent
-$245
Cashflow
Cash Flow
$2,062 income − $2,307 expenses = $245 out of pocket
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,975
Downpayment
20%
$49,500
Closing costs
1%
$2,475
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,062
Total Expenses
$2,307
Mortgage P&I
66%
$1,368
Property Taxes
7%
$152
Home Insurance
4%
$87
HOA
0%
$0
Property Management
12%
$247
CapEx
4%
$82
Vacancy
3%
$62
Maintenance
4%
$82
Other
11%
$227