This property looks like a bad Mid-Term investment with a projected -5.93% first-year return on $69,051 initial cash invested.
-5.93%
Cash On Cash
4.85%
Cap Rate
0.78
DSCR
$1,612
Rent
-$341
Cashflow
Cash Flow
$1,612 income − $1,953 expenses = $341 out of pocket
Investment Breakdown
|
Purchase Price
$243k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,051
Downpayment
20%
$48,620
Closing costs
1%
$2,431
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,612
Total Expenses
$1,953
Mortgage P&I
78%
$1,259
Property Taxes
4%
$61
Home Insurance
5%
$87
HOA
0%
$0
Property Management
12%
$193
CapEx
4%
$64
Vacancy
3%
$48
Maintenance
4%
$64
Other
11%
$177