This property looks like a bad Mid-Term investment with a projected -3.19% first-year return on $67,665 initial cash invested.
-3.19%
Cash On Cash
6.25%
Cap Rate
0.93
DSCR
$2,226
Rent
-$180
Cashflow
Cash Flow
$2,226 income − $2,406 expenses = $180 out of pocket
Investment Breakdown
|
Purchase Price
$237k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,665
Downpayment
20%
$47,300
Closing costs
1%
$2,365
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,226
Total Expenses
$2,406
Mortgage P&I
59%
$1,323
Property Taxes
11%
$241
Home Insurance
4%
$85
HOA
0%
$0
Property Management
12%
$267
CapEx
4%
$89
Vacancy
3%
$67
Maintenance
4%
$89
Other
11%
$245