This property looks like a bad Mid-Term investment with a projected -2.53% first-year return on $68,253 initial cash invested.
-2.53%
Cash On Cash
6.39%
Cap Rate
0.96
DSCR
$2,234
Rent
-$144
Cashflow
Cash Flow
$2,234 income − $2,378 expenses = $144 out of pocket
Investment Breakdown
|
Purchase Price
$239k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,253
Downpayment
20%
$47,860
Closing costs
1%
$2,393
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,234
Total Expenses
$2,378
Mortgage P&I
59%
$1,329
Property Taxes
9%
$204
Home Insurance
4%
$86
HOA
0%
$0
Property Management
12%
$268
CapEx
4%
$89
Vacancy
3%
$67
Maintenance
4%
$89
Other
11%
$246