This property looks like a bad Mid-Term investment with a projected -4.23% first-year return on $67,833 initial cash invested.
-4.23%
Cash On Cash
5.77%
Cap Rate
0.88
DSCR
$1,942
Rent
-$239
Cashflow
Cash Flow
$1,942 income − $2,181 expenses = $239 out of pocket
Investment Breakdown
|
Purchase Price
$237k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,833
Downpayment
20%
$47,460
Closing costs
1%
$2,373
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,942
Total Expenses
$2,181
Mortgage P&I
67%
$1,303
Property Taxes
8%
$156
Home Insurance
3%
$61
HOA
0%
$0
Property Management
12%
$233
CapEx
4%
$78
Vacancy
3%
$58
Maintenance
4%
$78
Other
11%
$214