This property looks like a bad Mid-Term investment with a projected -8.96% first-year return on $70,164 initial cash invested.
-8.96%
Cash On Cash
4.52%
Cap Rate
0.68
DSCR
$2,060
Rent
-$524
Cashflow
Cash Flow
$2,060 income − $2,584 expenses = $524 out of pocket
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,164
Downpayment
20%
$49,680
Closing costs
1%
$2,484
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,060
Total Expenses
$2,584
Mortgage P&I
67%
$1,377
Property Taxes
21%
$425
Home Insurance
4%
$82
HOA
0%
$0
Property Management
12%
$247
CapEx
4%
$82
Vacancy
3%
$62
Maintenance
4%
$82
Other
11%
$227