This property looks like a bad Mid-Term investment with a projected -4.56% first-year return on $69,009 initial cash invested.
-4.56%
Cash On Cash
5.71%
Cap Rate
0.86
DSCR
$1,887
Rent
-$262
Cashflow
Cash Flow
$1,887 income − $2,149 expenses = $262 out of pocket
Investment Breakdown
|
Purchase Price
$243k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,009
Downpayment
20%
$48,580
Closing costs
1%
$2,429
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,887
Total Expenses
$2,149
Mortgage P&I
71%
$1,342
Property Taxes
4%
$81
Home Insurance
5%
$85
HOA
0%
$0
Property Management
12%
$226
CapEx
4%
$75
Vacancy
3%
$57
Maintenance
4%
$75
Other
11%
$208