This property looks like a bad Mid-Term investment with a projected -3.13% first-year return on $67,098 initial cash invested.
-3.13%
Cash On Cash
5.99%
Cap Rate
0.93
DSCR
$2,024
Rent
-$175
Cashflow
Cash Flow
$2,024 income − $2,199 expenses = $175 out of pocket
Investment Breakdown
|
Purchase Price
$234k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,098
Downpayment
20%
$46,760
Closing costs
1%
$2,338
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,024
Total Expenses
$2,199
Mortgage P&I
62%
$1,262
Property Taxes
8%
$166
Home Insurance
4%
$82
HOA
0%
$0
Property Management
12%
$243
CapEx
4%
$81
Vacancy
3%
$61
Maintenance
4%
$81
Other
11%
$223