This property looks like a bad Mid-Term investment with a projected -2.09% first-year return on $70,038 initial cash invested.
-2.09%
Cash On Cash
6.63%
Cap Rate
0.98
DSCR
$2,210
Rent
-$122
Cashflow
Cash Flow
$2,210 income − $2,332 expenses = $122 out of pocket
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,038
Downpayment
20%
$49,560
Closing costs
1%
$2,478
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,210
Total Expenses
$2,332
Mortgage P&I
63%
$1,403
Property Taxes
4%
$91
Home Insurance
4%
$88
HOA
0%
$0
Property Management
12%
$265
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$243