This property looks like a bad Mid-Term investment with a projected -0.02% first-year return on $70,080 initial cash invested.
-0.02%
Cash On Cash
7.35%
Cap Rate
1.08
DSCR
$2,666
Rent
-$1
Cashflow
Cash Flow
$2,666 income − $2,667 expenses = $1 out of pocket
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,080
Downpayment
20%
$49,600
Closing costs
1%
$2,480
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,666
Total Expenses
$2,667
Mortgage P&I
53%
$1,412
Property Taxes
9%
$236
Home Insurance
3%
$87
HOA
1%
$25
Property Management
12%
$320
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$293