This property looks like a bad Mid-Term investment with a projected -1.17% first-year return on $68,820 initial cash invested.
-1.17%
Cash On Cash
6.48%
Cap Rate
1.03
DSCR
$2,574
Rent
-$67
Cashflow
Cash Flow
$2,574 income − $2,641 expenses = $67 out of pocket
Investment Breakdown
|
Purchase Price
$242k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,820
Downpayment
20%
$48,400
Closing costs
1%
$2,420
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,574
Total Expenses
$2,641
Mortgage P&I
49%
$1,270
Property Taxes
16%
$411
Home Insurance
3%
$85
HOA
0%
$0
Property Management
12%
$309
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$283