This property looks like a bad Mid-Term investment with a projected -2.8% first-year return on $67,350 initial cash invested.
-2.8%
Cash On Cash
6.09%
Cap Rate
0.94
DSCR
$1,995
Rent
-$157
Cashflow
Cash Flow
$1,995 income − $2,152 expenses = $157 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,995
Total Expenses
$2,152
Mortgage P&I
64%
$1,269
Property Taxes
6%
$123
Home Insurance
4%
$82
HOA
0%
$0
Property Management
12%
$239
CapEx
4%
$80
Vacancy
3%
$60
Maintenance
4%
$80
Other
11%
$219