This property looks like a bad Mid-Term investment with a projected -4.2% first-year return on $68,631 initial cash invested.
-4.2%
Cash On Cash
6.14%
Cap Rate
0.9
DSCR
$2,492
Rent
-$240
Cashflow
Cash Flow
$2,492 income − $2,732 expenses = $240 out of pocket
Investment Breakdown
|
Purchase Price
$241k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,631
Downpayment
20%
$48,220
Closing costs
1%
$2,411
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,492
Total Expenses
$2,732
Mortgage P&I
55%
$1,373
Property Taxes
17%
$423
Home Insurance
4%
$88
HOA
0%
$0
Property Management
12%
$299
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$274