This property looks like a bad Mid-Term investment with a projected -0.88% first-year return on $68,190 initial cash invested.
-0.88%
Cash On Cash
6.88%
Cap Rate
1.04
DSCR
$2,472
Rent
-$50
Cashflow
Cash Flow
$2,472 income − $2,522 expenses = $50 out of pocket
Investment Breakdown
|
Purchase Price
$239k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,190
Downpayment
20%
$47,800
Closing costs
1%
$2,390
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,472
Total Expenses
$2,522
Mortgage P&I
53%
$1,321
Property Taxes
11%
$276
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$297
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$272