This property looks like a bad Mid-Term investment with a projected -4.06% first-year return on $69,135 initial cash invested.
-4.06%
Cash On Cash
6.07%
Cap Rate
0.89
DSCR
$2,049
Rent
-$234
Cashflow
Cash Flow
$2,049 income − $2,283 expenses = $234 out of pocket
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,135
Downpayment
20%
$48,700
Closing costs
1%
$2,435
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,049
Total Expenses
$2,283
Mortgage P&I
68%
$1,383
Property Taxes
6%
$124
Home Insurance
4%
$80
HOA
0%
$0
Property Management
12%
$246
CapEx
4%
$82
Vacancy
3%
$61
Maintenance
4%
$82
Other
11%
$225