This property looks like a bad Mid-Term investment with a projected -1.31% first-year return on $69,639 initial cash invested.
-1.31%
Cash On Cash
6.24%
Cap Rate
1.01
DSCR
$2,232
Rent
-$76
Cashflow
Cash Flow
$2,232 income − $2,308 expenses = $76 out of pocket
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,639
Downpayment
20%
$49,180
Closing costs
1%
$2,459
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,232
Total Expenses
$2,308
Mortgage P&I
57%
$1,266
Property Taxes
9%
$194
Home Insurance
4%
$89
HOA
0%
$0
Property Management
12%
$268
CapEx
4%
$89
Vacancy
3%
$67
Maintenance
4%
$89
Other
11%
$246