This property looks like a bad Mid-Term investment with a projected -0.5% first-year return on $67,329 initial cash invested.
-0.5%
Cash On Cash
6.94%
Cap Rate
1.05
DSCR
$2,212
Rent
-$28
Cashflow
Cash Flow
$2,212 income − $2,240 expenses = $28 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,212
Total Expenses
$2,240
Mortgage P&I
59%
$1,298
Property Taxes
5%
$110
Home Insurance
4%
$82
HOA
0%
$0
Property Management
12%
$265
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$243