This property looks like a bad Mid-Term investment with a projected -7.92% first-year return on $69,240 initial cash invested.
-7.92%
Cash On Cash
4.75%
Cap Rate
0.72
DSCR
$1,846
Rent
-$457
Cashflow
Cash Flow
$1,846 income − $2,303 expenses = $457 out of pocket
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,240
Downpayment
20%
$48,800
Closing costs
1%
$2,440
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,846
Total Expenses
$2,303
Mortgage P&I
73%
$1,348
Property Taxes
13%
$242
Home Insurance
5%
$85
HOA
0%
$0
Property Management
12%
$222
CapEx
4%
$74
Vacancy
3%
$55
Maintenance
4%
$74
Other
11%
$203