This property looks like a bad Mid-Term investment with a projected -0.19% first-year return on $68,778 initial cash invested.
-0.19%
Cash On Cash
6.87%
Cap Rate
1.08
DSCR
$2,718
Rent
-$11
Cashflow
Cash Flow
$2,718 income − $2,729 expenses = $11 out of pocket
Investment Breakdown
|
Purchase Price
$242k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,778
Downpayment
20%
$48,360
Closing costs
1%
$2,418
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,718
Total Expenses
$2,729
Mortgage P&I
47%
$1,287
Property Taxes
16%
$431
Home Insurance
3%
$86
HOA
0%
$0
Property Management
12%
$326
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$299