This property looks like a bad Mid-Term investment with a projected -5.77% first-year return on $68,862 initial cash invested.
-5.77%
Cash On Cash
5.37%
Cap Rate
0.81
DSCR
$1,740
Rent
-$331
Cashflow
Cash Flow
$1,740 income − $2,071 expenses = $331 out of pocket
Investment Breakdown
|
Purchase Price
$242k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,862
Downpayment
20%
$48,440
Closing costs
1%
$2,422
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,740
Total Expenses
$2,071
Mortgage P&I
77%
$1,345
Property Taxes
3%
$46
Home Insurance
5%
$88
HOA
0%
$0
Property Management
12%
$209
CapEx
4%
$70
Vacancy
3%
$52
Maintenance
4%
$70
Other
11%
$191