This property looks like a bad Mid-Term investment with a projected -2% first-year return on $67,854 initial cash invested.
-2%
Cash On Cash
6.61%
Cap Rate
0.98
DSCR
$2,334
Rent
-$113
Cashflow
Cash Flow
$2,334 income − $2,447 expenses = $113 out of pocket
Investment Breakdown
|
Purchase Price
$237k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,854
Downpayment
20%
$47,480
Closing costs
1%
$2,374
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,334
Total Expenses
$2,447
Mortgage P&I
57%
$1,328
Property Taxes
10%
$242
Home Insurance
4%
$84
HOA
0%
$0
Property Management
12%
$280
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$257