This property looks like a bad Mid-Term investment with a projected -1.07% first-year return on $68,589 initial cash invested.
-1.07%
Cash On Cash
6.6%
Cap Rate
1.03
DSCR
$2,451
Rent
-$61
Cashflow
Cash Flow
$2,451 income − $2,512 expenses = $61 out of pocket
Investment Breakdown
|
Purchase Price
$241k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,589
Downpayment
20%
$48,180
Closing costs
1%
$2,409
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,451
Total Expenses
$2,512
Mortgage P&I
53%
$1,287
Property Taxes
12%
$306
Home Insurance
3%
$85
HOA
0%
$0
Property Management
12%
$294
CapEx
4%
$98
Vacancy
3%
$74
Maintenance
4%
$98
Other
11%
$270