This property looks like a bad Mid-Term investment with a projected -5.81% first-year return on $67,350 initial cash invested.
-5.81%
Cash On Cash
5.36%
Cap Rate
0.82
DSCR
$2,262
Rent
-$326
Cashflow
Cash Flow
$2,262 income − $2,588 expenses = $326 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,262
Total Expenses
$2,588
Mortgage P&I
57%
$1,286
Property Taxes
20%
$452
Home Insurance
4%
$82
HOA
0%
$0
Property Management
12%
$271
CapEx
4%
$90
Vacancy
3%
$68
Maintenance
4%
$90
Other
11%
$249