This property looks like a bad Mid-Term investment with a projected -10.66% first-year return on $69,135 initial cash invested.
-10.66%
Cash On Cash
3.75%
Cap Rate
0.58
DSCR
$1,580
Rent
-$614
Cashflow
Cash Flow
$1,580 income − $2,194 expenses = $614 out of pocket
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,135
Downpayment
20%
$48,700
Closing costs
1%
$2,435
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,580
Total Expenses
$2,194
Mortgage P&I
83%
$1,312
Property Taxes
16%
$257
Home Insurance
6%
$88
HOA
0%
$0
Property Management
12%
$190
CapEx
4%
$63
Vacancy
3%
$47
Maintenance
4%
$63
Other
11%
$174