This property looks like a bad Mid-Term investment with a projected -5.02% first-year return on $68,085 initial cash invested.
-5.02%
Cash On Cash
5.75%
Cap Rate
0.85
DSCR
$1,914
Rent
-$285
Cashflow
Cash Flow
$1,914 income − $2,199 expenses = $285 out of pocket
Investment Breakdown
|
Purchase Price
$239k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,085
Downpayment
20%
$47,700
Closing costs
1%
$2,385
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,914
Total Expenses
$2,199
Mortgage P&I
71%
$1,350
Property Taxes
6%
$113
Home Insurance
4%
$84
HOA
0%
$0
Property Management
12%
$230
CapEx
4%
$77
Vacancy
3%
$57
Maintenance
4%
$77
Other
11%
$211