This property looks like a bad Mid-Term investment with a projected -0.58% first-year return on $68,799 initial cash invested.
-0.58%
Cash On Cash
6.6%
Cap Rate
1.05
DSCR
$2,314
Rent
-$33
Cashflow
Cash Flow
$2,314 income − $2,347 expenses = $33 out of pocket
Investment Breakdown
|
Purchase Price
$242k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,799
Downpayment
20%
$48,380
Closing costs
1%
$2,419
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,314
Total Expenses
$2,347
Mortgage P&I
55%
$1,271
Property Taxes
9%
$202
Home Insurance
4%
$86
HOA
0%
$0
Property Management
12%
$278
CapEx
4%
$93
Vacancy
3%
$69
Maintenance
4%
$93
Other
11%
$255