This property looks like a bad Mid-Term investment with a projected -0.04% first-year return on $67,434 initial cash invested.
-0.04%
Cash On Cash
7.28%
Cap Rate
1.07
DSCR
$2,494
Rent
-$2
Cashflow
Cash Flow
$2,494 income − $2,496 expenses = $2 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,434
Downpayment
20%
$47,080
Closing costs
1%
$2,354
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,494
Total Expenses
$2,496
Mortgage P&I
53%
$1,331
Property Taxes
9%
$233
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$299
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$274