This property looks like a bad Mid-Term investment with a projected -2.98% first-year return on $67,350 initial cash invested.
-2.98%
Cash On Cash
6.14%
Cap Rate
0.94
DSCR
$2,122
Rent
-$167
Cashflow
Cash Flow
$2,122 income − $2,289 expenses = $167 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,122
Total Expenses
$2,289
Mortgage P&I
61%
$1,284
Property Taxes
9%
$201
Home Insurance
4%
$82
HOA
0%
$0
Property Management
12%
$255
CapEx
4%
$85
Vacancy
3%
$64
Maintenance
4%
$85
Other
11%
$233