This property looks like a bad Mid-Term investment with a projected -4.6% first-year return on $69,429 initial cash invested.
-4.6%
Cash On Cash
5.74%
Cap Rate
0.86
DSCR
$1,940
Rent
-$266
Cashflow
Cash Flow
$1,940 income − $2,206 expenses = $266 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,429
Downpayment
20%
$48,980
Closing costs
1%
$2,449
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,940
Total Expenses
$2,206
Mortgage P&I
70%
$1,360
Property Taxes
5%
$92
Home Insurance
5%
$94
HOA
0%
$0
Property Management
12%
$233
CapEx
4%
$78
Vacancy
3%
$58
Maintenance
4%
$78
Other
11%
$213