This property looks like a bad Mid-Term investment with a projected -0.67% first-year return on $69,639 initial cash invested.
-0.67%
Cash On Cash
6.8%
Cap Rate
1.04
DSCR
$2,268
Rent
-$39
Cashflow
Cash Flow
$2,268 income − $2,307 expenses = $39 out of pocket
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,639
Downpayment
20%
$49,180
Closing costs
1%
$2,459
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,268
Total Expenses
$2,307
Mortgage P&I
59%
$1,342
Property Taxes
4%
$96
Home Insurance
4%
$88
HOA
0%
$10
Property Management
12%
$272
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$249