This property looks like a bad Mid-Term investment with a projected -6.87% first-year return on $67,770 initial cash invested.
-6.87%
Cash On Cash
5.21%
Cap Rate
0.76
DSCR
$1,728
Rent
-$388
Cashflow
Cash Flow
$1,728 income − $2,116 expenses = $388 out of pocket
Investment Breakdown
|
Purchase Price
$237k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,770
Downpayment
20%
$47,400
Closing costs
1%
$2,370
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,728
Total Expenses
$2,116
Mortgage P&I
78%
$1,347
Property Taxes
6%
$99
Home Insurance
5%
$83
HOA
0%
$0
Property Management
12%
$207
CapEx
4%
$69
Vacancy
3%
$52
Maintenance
4%
$69
Other
11%
$190