This property looks like a bad Mid-Term investment with a projected -0.67% first-year return on $67,917 initial cash invested.
-0.67%
Cash On Cash
6.56%
Cap Rate
1.04
DSCR
$2,148
Rent
-$38
Cashflow
Cash Flow
$2,148 income − $2,186 expenses = $38 out of pocket
Investment Breakdown
|
Purchase Price
$238k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,917
Downpayment
20%
$47,540
Closing costs
1%
$2,377
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,148
Total Expenses
$2,186
Mortgage P&I
58%
$1,252
Property Taxes
5%
$118
Home Insurance
4%
$86
HOA
0%
$0
Property Management
12%
$258
CapEx
4%
$86
Vacancy
3%
$64
Maintenance
4%
$86
Other
11%
$236