This property looks like a bad Mid-Term investment with a projected -3.83% first-year return on $69,513 initial cash invested.
-3.83%
Cash On Cash
6.14%
Cap Rate
0.91
DSCR
$2,313
Rent
-$222
Cashflow
Cash Flow
$2,313 income − $2,535 expenses = $222 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,513
Downpayment
20%
$49,060
Closing costs
1%
$2,453
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,313
Total Expenses
$2,535
Mortgage P&I
60%
$1,384
Property Taxes
12%
$278
Home Insurance
4%
$86
HOA
0%
$0
Property Management
12%
$278
CapEx
4%
$93
Vacancy
3%
$69
Maintenance
4%
$93
Other
11%
$254