This property looks like a bad Mid-Term investment with a projected -4.62% first-year return on $70,080 initial cash invested.
-4.62%
Cash On Cash
5.87%
Cap Rate
0.87
DSCR
$2,192
Rent
-$270
Cashflow
Cash Flow
$2,192 income − $2,462 expenses = $270 out of pocket
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,192
Total Expenses
$2,462
Mortgage P&I
64%
$1,396
Property Taxes
11%
$233
Home Insurance
4%
$87
HOA
0%
$0
Property Management
12%
$263
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$241