This property looks like a bad Mid-Term investment with a projected -0.52% first-year return on $69,282 initial cash invested.
-0.52%
Cash On Cash
6.84%
Cap Rate
1.05
DSCR
$2,440
Rent
-$30
Cashflow
Cash Flow
$2,440 income − $2,470 expenses = $30 out of pocket
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,282
Downpayment
20%
$48,840
Closing costs
1%
$2,442
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,440
Total Expenses
$2,470
Mortgage P&I
54%
$1,323
Property Taxes
9%
$229
Home Insurance
4%
$88
HOA
0%
$0
Property Management
12%
$293
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$268