This property looks like a bad Mid-Term investment with a projected -1.11% first-year return on $68,190 initial cash invested.
-1.11%
Cash On Cash
6.65%
Cap Rate
1.02
DSCR
$2,336
Rent
-$63
Cashflow
Cash Flow
$2,336 income − $2,399 expenses = $63 out of pocket
Investment Breakdown
|
Purchase Price
$239k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,190
Downpayment
20%
$47,800
Closing costs
1%
$2,390
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,336
Total Expenses
$2,399
Mortgage P&I
55%
$1,295
Property Taxes
10%
$227
Home Insurance
4%
$84
HOA
0%
$0
Property Management
12%
$280
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$257