This property looks like a bad Mid-Term investment with a projected -0.2% first-year return on $67,182 initial cash invested.
-0.2%
Cash On Cash
6.81%
Cap Rate
1.06
DSCR
$2,140
Rent
-$11
Cashflow
Cash Flow
$2,140 income − $2,151 expenses = $11 out of pocket
Investment Breakdown
|
Purchase Price
$234k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,182
Downpayment
20%
$46,840
Closing costs
1%
$2,342
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,140
Total Expenses
$2,151
Mortgage P&I
59%
$1,254
Property Taxes
4%
$85
Home Insurance
4%
$84
HOA
0%
$0
Property Management
12%
$257
CapEx
4%
$86
Vacancy
3%
$64
Maintenance
4%
$86
Other
11%
$235