This property looks like a bad Mid-Term investment with a projected -3.94% first-year return on $67,245 initial cash invested.
-3.94%
Cash On Cash
6.04%
Cap Rate
0.9
DSCR
$2,295
Rent
-$221
Cashflow
Cash Flow
$2,295 income − $2,516 expenses = $221 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,245
Downpayment
20%
$46,900
Closing costs
1%
$2,345
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,295
Total Expenses
$2,516
Mortgage P&I
57%
$1,309
Property Taxes
15%
$345
Home Insurance
4%
$82
HOA
0%
$0
Property Management
12%
$275
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$252