This property looks like a bad Mid-Term investment with a projected -0.12% first-year return on $67,350 initial cash invested.
-0.12%
Cash On Cash
6.93%
Cap Rate
1.06
DSCR
$2,204
Rent
-$7
Cashflow
Cash Flow
$2,204 income − $2,211 expenses = $7 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,204
Total Expenses
$2,211
Mortgage P&I
58%
$1,276
Property Taxes
5%
$105
Home Insurance
4%
$82
HOA
0%
$0
Property Management
12%
$264
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$242