This property looks like a bad Mid-Term investment with a projected -0.69% first-year return on $67,791 initial cash invested.
-0.69%
Cash On Cash
7%
Cap Rate
1.04
DSCR
$2,248
Rent
-$39
Cashflow
Cash Flow
$2,248 income − $2,287 expenses = $39 out of pocket
Investment Breakdown
|
Purchase Price
$237k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,791
Downpayment
20%
$47,420
Closing costs
1%
$2,371
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,248
Total Expenses
$2,287
Mortgage P&I
59%
$1,333
Property Taxes
5%
$104
Home Insurance
4%
$86
HOA
0%
$0
Property Management
12%
$270
CapEx
4%
$90
Vacancy
3%
$67
Maintenance
4%
$90
Other
11%
$247