This property looks like a bad Mid-Term investment with a projected -3.24% first-year return on $70,059 initial cash invested.
-3.24%
Cash On Cash
6.34%
Cap Rate
0.93
DSCR
$2,403
Rent
-$189
Cashflow
Cash Flow
$2,403 income − $2,592 expenses = $189 out of pocket
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,059
Downpayment
20%
$49,580
Closing costs
1%
$2,479
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,403
Total Expenses
$2,592
Mortgage P&I
58%
$1,402
Property Taxes
12%
$286
Home Insurance
4%
$88
HOA
0%
$0
Property Management
12%
$288
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$264