This property looks like a bad Mid-Term investment with a projected -0.35% first-year return on $68,148 initial cash invested.
-0.35%
Cash On Cash
7%
Cap Rate
1.05
DSCR
$2,254
Rent
-$20
Cashflow
Cash Flow
$2,254 income − $2,274 expenses = $20 out of pocket
Investment Breakdown
|
Purchase Price
$239k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,148
Downpayment
20%
$47,760
Closing costs
1%
$2,388
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,254
Total Expenses
$2,274
Mortgage P&I
59%
$1,323
Property Taxes
5%
$105
Home Insurance
4%
$80
HOA
0%
$0
Property Management
12%
$270
CapEx
4%
$90
Vacancy
3%
$68
Maintenance
4%
$90
Other
11%
$248