This property looks like a bad Mid-Term investment with a projected -6.45% first-year return on $67,371 initial cash invested.
-6.45%
Cash On Cash
4.58%
Cap Rate
0.76
DSCR
$1,780
Rent
-$362
Cashflow
Cash Flow
$1,780 income − $2,142 expenses = $362 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,371
Downpayment
20%
$47,020
Closing costs
1%
$2,351
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,780
Total Expenses
$2,142
Mortgage P&I
67%
$1,188
Property Taxes
13%
$239
Home Insurance
6%
$110
HOA
0%
$0
Property Management
12%
$214
CapEx
4%
$71
Vacancy
3%
$53
Maintenance
4%
$71
Other
11%
$196