This property looks like a bad Mid-Term investment with a projected -0.25% first-year return on $67,980 initial cash invested.
-0.25%
Cash On Cash
6.93%
Cap Rate
1.06
DSCR
$2,390
Rent
-$14
Cashflow
Cash Flow
$2,390 income − $2,404 expenses = $14 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
$2,390
Total Expenses
$2,404
Mortgage P&I
54%
$1,293
Property Taxes
9%
$213
Home Insurance
4%
$84
HOA
0%
$0
Property Management
12%
$287
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$263