This property looks like a bad Mid-Term investment with a projected -0.3% first-year return on $67,287 initial cash invested.
-0.3%
Cash On Cash
6.81%
Cap Rate
1.06
DSCR
$2,238
Rent
-$17
Cashflow
Cash Flow
$2,238 income − $2,255 expenses = $17 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,287
Downpayment
20%
$46,940
Closing costs
1%
$2,347
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,238
Total Expenses
$2,255
Mortgage P&I
56%
$1,259
Property Taxes
7%
$150
Home Insurance
4%
$84
HOA
0%
$0
Property Management
12%
$269
CapEx
4%
$90
Vacancy
3%
$67
Maintenance
4%
$90
Other
11%
$246