This property looks like a bad Mid-Term investment with a projected -4.07% first-year return on $69,051 initial cash invested.
-4.07%
Cash On Cash
5.74%
Cap Rate
0.89
DSCR
$2,322
Rent
-$234
Cashflow
Cash Flow
$2,322 income − $2,556 expenses = $234 out of pocket
Investment Breakdown
|
Purchase Price
$243k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,051
Downpayment
20%
$48,620
Closing costs
1%
$2,431
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,322
Total Expenses
$2,556
Mortgage P&I
56%
$1,304
Property Taxes
16%
$375
Home Insurance
4%
$87
HOA
0%
$0
Property Management
12%
$279
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$255