This property looks like a bad Mid-Term investment with a projected -2.92% first-year return on $68,190 initial cash invested.
-2.92%
Cash On Cash
6.52%
Cap Rate
0.97
DSCR
$3,070
Rent
-$166
Cashflow
Cash Flow
$3,070 income − $3,236 expenses = $166 out of pocket
Investment Breakdown
|
Purchase Price
$239k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,070
Total Expenses
$3,236
Mortgage P&I
44%
$1,342
Property Taxes
25%
$766
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$368
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$338