This property looks like a bad Mid-Term investment with a projected -4.43% first-year return on $68,001 initial cash invested.
-4.43%
Cash On Cash
5.95%
Cap Rate
0.89
DSCR
$2,558
Rent
-$251
Cashflow
Cash Flow
$2,558 income − $2,809 expenses = $251 out of pocket
Investment Breakdown
|
Purchase Price
$238k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,001
Downpayment
20%
$47,620
Closing costs
1%
$2,381
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,558
Total Expenses
$2,809
Mortgage P&I
52%
$1,330
Property Taxes
21%
$526
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$307
CapEx
4%
$102
Vacancy
3%
$77
Maintenance
4%
$102
Other
11%
$281