This property looks like a bad Mid-Term investment with a projected -2.42% first-year return on $67,350 initial cash invested.
-2.42%
Cash On Cash
6.25%
Cap Rate
0.96
DSCR
$2,109
Rent
-$136
Cashflow
Cash Flow
$2,109 income − $2,245 expenses = $136 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,350
Downpayment
20%
$47,000
Closing costs
1%
$2,350
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,109
Total Expenses
$2,245
Mortgage P&I
61%
$1,276
Property Taxes
8%
$171
Home Insurance
4%
$82
HOA
0%
$0
Property Management
12%
$253
CapEx
4%
$84
Vacancy
3%
$63
Maintenance
4%
$84
Other
11%
$232