This property looks like a bad Mid-Term investment with a projected -0.8% first-year return on $67,203 initial cash invested.
-0.8%
Cash On Cash
6.94%
Cap Rate
1.04
DSCR
$2,578
Rent
-$45
Cashflow
Cash Flow
$2,578 income − $2,623 expenses = $45 out of pocket
Investment Breakdown
|
Purchase Price
$234k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,203
Downpayment
20%
$46,860
Closing costs
1%
$2,343
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,578
Total Expenses
$2,623
Mortgage P&I
50%
$1,298
Property Taxes
14%
$365
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$309
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$284