This property looks like a bad Mid-Term investment with a projected -6.98% first-year return on $67,350 initial cash invested.
-6.98%
Cash On Cash
4.83%
Cap Rate
0.75
DSCR
$1,935
Rent
-$392
Cashflow
Cash Flow
$1,935 income − $2,327 expenses = $392 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,350
Downpayment
20%
$47,000
Closing costs
1%
$2,350
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,935
Total Expenses
$2,327
Mortgage P&I
65%
$1,261
Property Taxes
17%
$327
Home Insurance
4%
$82
HOA
0%
$0
Property Management
12%
$232
CapEx
4%
$77
Vacancy
3%
$58
Maintenance
4%
$77
Other
11%
$213