This property looks like a bad Mid-Term investment with a projected -0.55% first-year return on $67,833 initial cash invested.
-0.55%
Cash On Cash
6.39%
Cap Rate
1.05
DSCR
$2,181
Rent
-$31
Cashflow
Cash Flow
$2,181 income − $2,212 expenses = $31 out of pocket
Investment Breakdown
|
Purchase Price
$237k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,833
Downpayment
20%
$47,460
Closing costs
1%
$2,373
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,181
Total Expenses
$2,212
Mortgage P&I
55%
$1,207
Property Taxes
6%
$136
Home Insurance
6%
$128
HOA
0%
$0
Property Management
12%
$262
CapEx
4%
$87
Vacancy
3%
$65
Maintenance
4%
$87
Other
11%
$240