This property looks like a bad Mid-Term investment with a projected -0.09% first-year return on $67,329 initial cash invested.
-0.09%
Cash On Cash
6.98%
Cap Rate
1.08
DSCR
$2,688
Rent
-$5
Cashflow
Cash Flow
$2,688 income − $2,693 expenses = $5 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,329
Downpayment
20%
$46,980
Closing costs
1%
$2,349
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,688
Total Expenses
$2,693
Mortgage P&I
47%
$1,263
Property Taxes
16%
$432
Home Insurance
3%
$82
HOA
0%
$0
Property Management
12%
$323
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$296