This property looks like a bad Mid-Term investment with a projected -2.05% first-year return on $69,219 initial cash invested.
-2.05%
Cash On Cash
5.97%
Cap Rate
0.98
DSCR
$2,330
Rent
-$118
Cashflow
Cash Flow
$2,330 income − $2,448 expenses = $118 out of pocket
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,219
Downpayment
20%
$48,780
Closing costs
1%
$2,439
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,330
Total Expenses
$2,448
Mortgage P&I
53%
$1,238
Property Taxes
14%
$331
Home Insurance
4%
$87
HOA
0%
$0
Property Management
12%
$280
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$256