This property looks like a bad Mid-Term investment with a projected -14.22% first-year return on $67,350 initial cash invested.
-14.22%
Cash On Cash
2.71%
Cap Rate
0.42
DSCR
$1,656
Rent
-$798
Cashflow
Cash Flow
$1,656 income − $2,454 expenses = $798 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,656
Total Expenses
$2,454
Mortgage P&I
76%
$1,262
Property Taxes
30%
$502
Home Insurance
5%
$82
HOA
3%
$45
Property Management
12%
$199
CapEx
4%
$66
Vacancy
3%
$50
Maintenance
4%
$66
Other
11%
$182