This property looks like a bad Mid-Term investment with a projected -4.94% first-year return on $69,261 initial cash invested.
-4.94%
Cash On Cash
5.64%
Cap Rate
0.85
DSCR
$2,244
Rent
-$285
Cashflow
Cash Flow
$2,244 income − $2,529 expenses = $285 out of pocket
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,261
Downpayment
20%
$48,820
Closing costs
1%
$2,441
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,244
Total Expenses
$2,529
Mortgage P&I
60%
$1,343
Property Taxes
15%
$336
Home Insurance
4%
$87
HOA
0%
$0
Property Management
12%
$269
CapEx
4%
$90
Vacancy
3%
$67
Maintenance
4%
$90
Other
11%
$247