This property looks like a bad Mid-Term investment with a projected -0.33% first-year return on $69,072 initial cash invested.
-0.33%
Cash On Cash
7.1%
Cap Rate
1.06
DSCR
$2,478
Rent
-$19
Cashflow
Cash Flow
$2,478 income − $2,497 expenses = $19 out of pocket
Investment Breakdown
|
Purchase Price
$243k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,072
Downpayment
20%
$48,640
Closing costs
1%
$2,432
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,478
Total Expenses
$2,497
Mortgage P&I
55%
$1,358
Property Taxes
9%
$211
Home Insurance
3%
$86
HOA
0%
$0
Property Management
12%
$297
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$273