This property looks like a bad Mid-Term investment with a projected -1.29% first-year return on $69,975 initial cash invested.
-1.29%
Cash On Cash
6.96%
Cap Rate
1.02
DSCR
$2,730
Rent
-$75
Cashflow
Cash Flow
$2,730 income − $2,805 expenses = $75 out of pocket
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,975
Downpayment
20%
$49,500
Closing costs
1%
$2,475
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,730
Total Expenses
$2,805
Mortgage P&I
51%
$1,401
Property Taxes
14%
$388
Home Insurance
3%
$88
HOA
0%
$0
Property Management
12%
$328
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$300