This property looks like a bad Mid-Term investment with a projected -3.14% first-year return on $66,972 initial cash invested.
-3.14%
Cash On Cash
6.17%
Cap Rate
0.94
DSCR
$2,456
Rent
-$175
Cashflow
Cash Flow
$2,456 income − $2,631 expenses = $175 out of pocket
Investment Breakdown
|
Purchase Price
$233k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,972
Downpayment
20%
$46,640
Closing costs
1%
$2,332
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,456
Total Expenses
$2,631
Mortgage P&I
52%
$1,276
Property Taxes
18%
$436
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$295
CapEx
4%
$98
Vacancy
3%
$74
Maintenance
4%
$98
Other
11%
$270