This property looks like a bad Mid-Term investment with a projected -5.23% first-year return on $67,980 initial cash invested.
-5.23%
Cash On Cash
5.44%
Cap Rate
0.84
DSCR
$2,109
Rent
-$296
Cashflow
Cash Flow
$2,109 income − $2,405 expenses = $296 out of pocket
Investment Breakdown
|
Purchase Price
$238k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,980
Downpayment
20%
$47,600
Closing costs
1%
$2,380
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,109
Total Expenses
$2,405
Mortgage P&I
61%
$1,291
Property Taxes
15%
$315
Home Insurance
4%
$83
HOA
0%
$0
Property Management
12%
$253
CapEx
4%
$84
Vacancy
3%
$63
Maintenance
4%
$84
Other
11%
$232