This property looks like a bad Mid-Term investment with a projected -3.58% first-year return on $67,350 initial cash invested.
-3.58%
Cash On Cash
6.12%
Cap Rate
0.91
DSCR
$2,032
Rent
-$201
Cashflow
Cash Flow
$2,032 income − $2,233 expenses = $201 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,350
Downpayment
20%
$47,000
Closing costs
1%
$2,350
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,032
Total Expenses
$2,233
Mortgage P&I
65%
$1,319
Property Taxes
7%
$141
Home Insurance
4%
$82
HOA
0%
$0
Property Management
12%
$244
CapEx
4%
$81
Vacancy
3%
$61
Maintenance
4%
$81
Other
11%
$224