This property looks like a bad Mid-Term investment with a projected -2.69% first-year return on $67,455 initial cash invested.
-2.69%
Cash On Cash
6.31%
Cap Rate
0.95
DSCR
$2,192
Rent
-$151
Cashflow
Cash Flow
$2,192 income − $2,343 expenses = $151 out of pocket
Investment Breakdown
|
Purchase Price
$236k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,455
Downpayment
20%
$47,100
Closing costs
1%
$2,355
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,192
Total Expenses
$2,343
Mortgage P&I
59%
$1,301
Property Taxes
10%
$211
Home Insurance
4%
$85
HOA
0%
$0
Property Management
12%
$263
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$241