This property looks like a bad Mid-Term investment with a projected -1.41% first-year return on $67,938 initial cash invested.
-1.41%
Cash On Cash
6.81%
Cap Rate
1.02
DSCR
$2,517
Rent
-$80
Cashflow
Cash Flow
$2,517 income − $2,597 expenses = $80 out of pocket
Investment Breakdown
|
Purchase Price
$238k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,938
Downpayment
20%
$47,560
Closing costs
1%
$2,378
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,517
Total Expenses
$2,597
Mortgage P&I
53%
$1,328
Property Taxes
13%
$328
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$302
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$277