This property looks like a bad Mid-Term investment with a projected -0.69% first-year return on $67,938 initial cash invested.
-0.69%
Cash On Cash
6.85%
Cap Rate
1.04
DSCR
$2,169
Rent
-$39
Cashflow
Cash Flow
$2,169 income − $2,208 expenses = $39 out of pocket
Investment Breakdown
|
Purchase Price
$238k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,938
Downpayment
20%
$47,560
Closing costs
1%
$2,378
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,169
Total Expenses
$2,208
Mortgage P&I
60%
$1,310
Property Taxes
5%
$105
Home Insurance
3%
$55
HOA
0%
$0
Property Management
12%
$260
CapEx
4%
$87
Vacancy
3%
$65
Maintenance
4%
$87
Other
11%
$239