This property looks like a bad Mid-Term investment with a projected -2% first-year return on $67,350 initial cash invested.
-2%
Cash On Cash
6.33%
Cap Rate
0.97
DSCR
$1,968
Rent
-$112
Cashflow
Cash Flow
$1,968 income − $2,080 expenses = $112 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,968
Total Expenses
$2,080
Mortgage P&I
65%
$1,273
Property Taxes
3%
$56
Home Insurance
4%
$82
HOA
0%
$0
Property Management
12%
$236
CapEx
4%
$79
Vacancy
3%
$59
Maintenance
4%
$79
Other
11%
$216