This property looks like a bad Mid-Term investment with a projected -0.68% first-year return on $67,350 initial cash invested.
-0.68%
Cash On Cash
7.08%
Cap Rate
1.05
DSCR
$2,578
Rent
-$38
Cashflow
Cash Flow
$2,578 income − $2,616 expenses = $38 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,578
Total Expenses
$2,616
Mortgage P&I
51%
$1,322
Property Taxes
13%
$336
Home Insurance
3%
$82
HOA
0%
$0
Property Management
12%
$309
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$284