This property looks like a bad Mid-Term investment with a projected -2.68% first-year return on $69,450 initial cash invested.
-2.68%
Cash On Cash
6.51%
Cap Rate
0.96
DSCR
$2,444
Rent
-$155
Cashflow
Cash Flow
$2,444 income − $2,599 expenses = $155 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,444
Total Expenses
$2,599
Mortgage P&I
57%
$1,387
Property Taxes
12%
$295
Home Insurance
4%
$86
HOA
0%
$0
Property Management
12%
$293
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$269