This property looks like a bad Mid-Term investment with a projected -1.68% first-year return on $70,059 initial cash invested.
-1.68%
Cash On Cash
6.82%
Cap Rate
1.01
DSCR
$2,806
Rent
-$98
Cashflow
Cash Flow
$2,806 income − $2,904 expenses = $98 out of pocket
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,059
Downpayment
20%
$49,580
Closing costs
1%
$2,479
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,806
Total Expenses
$2,904
Mortgage P&I
50%
$1,395
Property Taxes
17%
$468
Home Insurance
3%
$87
HOA
0%
$0
Property Management
12%
$337
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$309