This property looks like a bad Mid-Term investment with a projected -7.57% first-year return on $67,350 initial cash invested.
-7.57%
Cash On Cash
4.87%
Cap Rate
0.73
DSCR
$1,794
Rent
-$425
Cashflow
Cash Flow
$1,794 income − $2,219 expenses = $425 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
$1,794
Total Expenses
$2,219
Mortgage P&I
73%
$1,307
Property Taxes
12%
$220
Home Insurance
5%
$82
HOA
0%
$0
Property Management
12%
$215
CapEx
4%
$72
Vacancy
3%
$54
Maintenance
4%
$72
Other
11%
$197