This property looks like a bad Mid-Term investment with a projected -2.87% first-year return on $69,933 initial cash invested.
-2.87%
Cash On Cash
6.11%
Cap Rate
0.95
DSCR
$2,439
Rent
-$167
Cashflow
Cash Flow
$2,439 income − $2,606 expenses = $167 out of pocket
Investment Breakdown
|
Purchase Price
$247k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,933
Downpayment
20%
$49,460
Closing costs
1%
$2,473
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,439
Total Expenses
$2,606
Mortgage P&I
54%
$1,328
Property Taxes
9%
$221
Home Insurance
9%
$227
HOA
0%
$0
Property Management
12%
$293
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$268