This property looks like a bad Mid-Term investment with a projected -0.43% first-year return on $69,282 initial cash invested.
-0.43%
Cash On Cash
6.93%
Cap Rate
1.05
DSCR
$2,348
Rent
-$25
Cashflow
Cash Flow
$2,348 income − $2,373 expenses = $25 out of pocket
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,282
Downpayment
20%
$48,840
Closing costs
1%
$2,442
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,348
Total Expenses
$2,373
Mortgage P&I
57%
$1,341
Property Taxes
6%
$143
Home Insurance
4%
$91
HOA
0%
$0
Property Management
12%
$282
CapEx
4%
$94
Vacancy
3%
$70
Maintenance
4%
$94
Other
11%
$258