This property looks like a bad Mid-Term investment with a projected -1.13% first-year return on $67,035 initial cash invested.
-1.13%
Cash On Cash
6.95%
Cap Rate
1.02
DSCR
$2,139
Rent
-$63
Cashflow
Cash Flow
$2,139 income − $2,202 expenses = $63 out of pocket
Investment Breakdown
|
Purchase Price
$234k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,035
Downpayment
20%
$46,700
Closing costs
1%
$2,335
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,139
Total Expenses
$2,202
Mortgage P&I
62%
$1,330
Property Taxes
3%
$60
Home Insurance
4%
$84
HOA
0%
$0
Property Management
12%
$257
CapEx
4%
$86
Vacancy
3%
$64
Maintenance
4%
$86
Other
11%
$235