This property looks like a bad Mid-Term investment with a projected -3.14% first-year return on $67,707 initial cash invested.
-3.14%
Cash On Cash
5.93%
Cap Rate
0.92
DSCR
$2,024
Rent
-$177
Cashflow
Cash Flow
$2,024 income − $2,201 expenses = $177 out of pocket
Investment Breakdown
|
Purchase Price
$237k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,707
Downpayment
20%
$47,340
Closing costs
1%
$2,367
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,024
Total Expenses
$2,201
Mortgage P&I
63%
$1,266
Property Taxes
8%
$162
Home Insurance
4%
$84
HOA
0%
$0
Property Management
12%
$243
CapEx
4%
$81
Vacancy
3%
$61
Maintenance
4%
$81
Other
11%
$223