This property looks like a bad Mid-Term investment with a projected -2.67% first-year return on $67,329 initial cash invested.
-2.67%
Cash On Cash
6.45%
Cap Rate
0.96
DSCR
$2,462
Rent
-$150
Cashflow
Cash Flow
$2,462 income − $2,612 expenses = $150 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,329
Downpayment
20%
$46,980
Closing costs
1%
$2,349
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,462
Total Expenses
$2,612
Mortgage P&I
53%
$1,314
Property Taxes
15%
$380
Home Insurance
3%
$82
HOA
0%
$0
Property Management
12%
$295
CapEx
4%
$98
Vacancy
3%
$74
Maintenance
4%
$98
Other
11%
$271