This property looks like a bad Mid-Term investment with a projected -2.82% first-year return on $69,450 initial cash invested.
-2.82%
Cash On Cash
6.24%
Cap Rate
0.94
DSCR
$2,006
Rent
-$163
Cashflow
Cash Flow
$2,006 income − $2,169 expenses = $163 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,450
Downpayment
20%
$49,000
Closing costs
1%
$2,450
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,006
Total Expenses
$2,169
Mortgage P&I
68%
$1,357
Property Taxes
2%
$44
Home Insurance
4%
$86
HOA
0%
$0
Property Management
12%
$241
CapEx
4%
$80
Vacancy
3%
$60
Maintenance
4%
$80
Other
11%
$221