This property looks like a bad Mid-Term investment with a projected -3.41% first-year return on $69,072 initial cash invested.
-3.41%
Cash On Cash
6.2%
Cap Rate
0.92
DSCR
$2,136
Rent
-$196
Cashflow
Cash Flow
$2,136 income − $2,332 expenses = $196 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
$2,136
Total Expenses
$2,332
Mortgage P&I
64%
$1,367
Property Taxes
7%
$152
Home Insurance
4%
$88
HOA
0%
$0
Property Management
12%
$256
CapEx
4%
$85
Vacancy
3%
$64
Maintenance
4%
$85
Other
11%
$235