This property looks like a bad Mid-Term investment with a projected -1.54% first-year return on $69,492 initial cash invested.
-1.54%
Cash On Cash
6.54%
Cap Rate
1
DSCR
$2,212
Rent
-$89
Cashflow
Cash Flow
$2,212 income − $2,301 expenses = $89 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,492
Downpayment
20%
$49,040
Closing costs
1%
$2,452
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,212
Total Expenses
$2,301
Mortgage P&I
60%
$1,338
Property Taxes
6%
$125
Home Insurance
4%
$88
HOA
0%
$0
Property Management
12%
$265
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$243