This property looks like a bad Mid-Term investment with a projected -0.24% first-year return on $69,870 initial cash invested.
-0.24%
Cash On Cash
6.83%
Cap Rate
1.06
DSCR
$2,451
Rent
-$14
Cashflow
Cash Flow
$2,451 income − $2,465 expenses = $14 out of pocket
Investment Breakdown
|
Purchase Price
$247k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,870
Downpayment
20%
$49,400
Closing costs
1%
$2,470
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,451
Total Expenses
$2,465
Mortgage P&I
54%
$1,321
Property Taxes
9%
$219
Home Insurance
4%
$91
HOA
0%
$0
Property Management
12%
$294
CapEx
4%
$98
Vacancy
3%
$74
Maintenance
4%
$98
Other
11%
$270