This property looks like a bad Mid-Term investment with a projected -5.65% first-year return on $67,329 initial cash invested.
-5.65%
Cash On Cash
5.62%
Cap Rate
0.83
DSCR
$2,240
Rent
-$317
Cashflow
Cash Flow
$2,240 income − $2,557 expenses = $317 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,329
Downpayment
20%
$46,980
Closing costs
1%
$2,349
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,240
Total Expenses
$2,557
Mortgage P&I
59%
$1,327
Property Taxes
17%
$386
Home Insurance
4%
$82
HOA
0%
$0
Property Management
12%
$269
CapEx
4%
$90
Vacancy
3%
$67
Maintenance
4%
$90
Other
11%
$246