This property looks like a bad Mid-Term investment with a projected -0.21% first-year return on $69,450 initial cash invested.
-0.21%
Cash On Cash
7.23%
Cap Rate
1.07
DSCR
$2,619
Rent
-$12
Cashflow
Cash Flow
$2,619 income − $2,631 expenses = $12 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,450
Downpayment
20%
$49,000
Closing costs
1%
$2,450
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,619
Total Expenses
$2,631
Mortgage P&I
53%
$1,384
Property Taxes
10%
$270
Home Insurance
3%
$86
HOA
0%
$0
Property Management
12%
$314
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$288