This property looks like a bad Mid-Term investment with a projected -2.65% first-year return on $67,917 initial cash invested.
-2.65%
Cash On Cash
6.48%
Cap Rate
0.95
DSCR
$2,080
Rent
-$150
Cashflow
Cash Flow
$2,080 income − $2,230 expenses = $150 out of pocket
Investment Breakdown
|
Purchase Price
$238k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,917
Downpayment
20%
$47,540
Closing costs
1%
$2,377
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,080
Total Expenses
$2,230
Mortgage P&I
65%
$1,351
Property Taxes
4%
$86
Home Insurance
4%
$86
HOA
0%
$0
Property Management
12%
$250
CapEx
4%
$83
Vacancy
3%
$62
Maintenance
4%
$83
Other
11%
$229