This property looks like a bad Mid-Term investment with a projected -0.95% first-year return on $69,450 initial cash invested.
-0.95%
Cash On Cash
6.8%
Cap Rate
1.03
DSCR
$2,259
Rent
-$55
Cashflow
Cash Flow
$2,259 income − $2,314 expenses = $55 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,450
Downpayment
20%
$49,000
Closing costs
1%
$2,450
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,259
Total Expenses
$2,314
Mortgage P&I
60%
$1,354
Property Taxes
5%
$107
Home Insurance
4%
$86
HOA
0%
$0
Property Management
12%
$271
CapEx
4%
$90
Vacancy
3%
$68
Maintenance
4%
$90
Other
11%
$248