This property looks like a bad Mid-Term investment with a projected -2.05% first-year return on $67,350 initial cash invested.
-2.05%
Cash On Cash
6.47%
Cap Rate
0.98
DSCR
$2,104
Rent
-$115
Cashflow
Cash Flow
$2,104 income − $2,219 expenses = $115 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,104
Total Expenses
$2,219
Mortgage P&I
62%
$1,298
Property Taxes
6%
$125
Home Insurance
4%
$82
HOA
0%
$0
Property Management
12%
$252
CapEx
4%
$84
Vacancy
3%
$63
Maintenance
4%
$84
Other
11%
$231