This property looks like a bad Mid-Term investment with a projected -3.54% first-year return on $67,035 initial cash invested.
-3.54%
Cash On Cash
6.09%
Cap Rate
0.91
DSCR
$1,935
Rent
-$198
Cashflow
Cash Flow
$1,935 income − $2,133 expenses = $198 out of pocket
Investment Breakdown
|
Purchase Price
$234k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,035
Downpayment
20%
$46,700
Closing costs
1%
$2,335
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,935
Total Expenses
$2,133
Mortgage P&I
67%
$1,306
Property Taxes
5%
$88
Home Insurance
4%
$82
HOA
0%
$0
Property Management
12%
$232
CapEx
4%
$77
Vacancy
3%
$58
Maintenance
4%
$77
Other
11%
$213