This property looks like a bad Mid-Term investment with a projected -1.23% first-year return on $69,324 initial cash invested.
-1.23%
Cash On Cash
6.51%
Cap Rate
1.02
DSCR
$2,436
Rent
-$71
Cashflow
Cash Flow
$2,436 income − $2,507 expenses = $71 out of pocket
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,324
Downpayment
20%
$48,880
Closing costs
1%
$2,444
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,436
Total Expenses
$2,507
Mortgage P&I
53%
$1,299
Property Taxes
12%
$294
Home Insurance
4%
$87
HOA
0%
$0
Property Management
12%
$292
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$268