This property looks like a bad Mid-Term investment with a projected -0.77% first-year return on $68,190 initial cash invested.
-0.77%
Cash On Cash
6.58%
Cap Rate
1.05
DSCR
$2,760
Rent
-$44
Cashflow
Cash Flow
$2,760 income − $2,804 expenses = $44 out of pocket
Investment Breakdown
|
Purchase Price
$239k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,190
Downpayment
20%
$47,800
Closing costs
1%
$2,390
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,760
Total Expenses
$2,804
Mortgage P&I
45%
$1,244
Property Taxes
19%
$538
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$331
CapEx
4%
$110
Vacancy
3%
$83
Maintenance
4%
$110
Other
11%
$304