This property looks like a bad Mid-Term investment with a projected -1.19% first-year return on $69,639 initial cash invested.
-1.19%
Cash On Cash
6.7%
Cap Rate
1.02
DSCR
$2,550
Rent
-$69
Cashflow
Cash Flow
$2,550 income − $2,619 expenses = $69 out of pocket
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,550
Total Expenses
$2,619
Mortgage P&I
53%
$1,339
Property Taxes
13%
$321
Home Insurance
4%
$93
HOA
0%
$0
Property Management
12%
$306
CapEx
4%
$102
Vacancy
3%
$76
Maintenance
4%
$102
Other
11%
$280