This property looks like a bad Mid-Term investment with a projected -1.63% first-year return on $69,744 initial cash invested.
-1.63%
Cash On Cash
6.45%
Cap Rate
1
DSCR
$2,470
Rent
-$95
Cashflow
Cash Flow
$2,470 income − $2,565 expenses = $95 out of pocket
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,744
Downpayment
20%
$49,280
Closing costs
1%
$2,464
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,470
Total Expenses
$2,565
Mortgage P&I
53%
$1,320
Property Taxes
13%
$325
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$296
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$272