This property looks like a bad Mid-Term investment with a projected -3.64% first-year return on $68,190 initial cash invested.
-3.64%
Cash On Cash
5.85%
Cap Rate
0.91
DSCR
$2,348
Rent
-$207
Cashflow
Cash Flow
$2,348 income − $2,555 expenses = $207 out of pocket
Investment Breakdown
|
Purchase Price
$239k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,190
Downpayment
20%
$47,800
Closing costs
1%
$2,390
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,348
Total Expenses
$2,555
Mortgage P&I
54%
$1,279
Property Taxes
17%
$394
Home Insurance
4%
$84
HOA
0%
$0
Property Management
12%
$282
CapEx
4%
$94
Vacancy
3%
$70
Maintenance
4%
$94
Other
11%
$258