This property looks like a bad Mid-Term investment with a projected -3.53% first-year return on $67,350 initial cash invested.
-3.53%
Cash On Cash
6.07%
Cap Rate
0.91
DSCR
$1,926
Rent
-$198
Cashflow
Cash Flow
$1,926 income − $2,124 expenses = $198 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,926
Total Expenses
$2,124
Mortgage P&I
68%
$1,309
Property Taxes
3%
$55
Home Insurance
5%
$105
HOA
0%
$0
Property Management
12%
$231
CapEx
4%
$77
Vacancy
3%
$58
Maintenance
4%
$77
Other
11%
$212