This property looks like a bad Mid-Term investment with a projected -1.06% first-year return on $68,106 initial cash invested.
-1.06%
Cash On Cash
6.9%
Cap Rate
1.03
DSCR
$2,434
Rent
-$60
Cashflow
Cash Flow
$2,434 income − $2,494 expenses = $60 out of pocket
Investment Breakdown
|
Purchase Price
$239k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,106
Downpayment
20%
$47,720
Closing costs
1%
$2,386
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,434
Total Expenses
$2,494
Mortgage P&I
55%
$1,335
Property Taxes
11%
$269
Home Insurance
3%
$63
HOA
0%
$0
Property Management
12%
$292
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$268