This property looks like a bad Mid-Term investment with a projected -6.22% first-year return on $66,951 initial cash invested.
-6.22%
Cash On Cash
5.31%
Cap Rate
0.79
DSCR
$1,826
Rent
-$347
Cashflow
Cash Flow
$1,826 income − $2,173 expenses = $347 out of pocket
Investment Breakdown
|
Purchase Price
$233k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,951
Downpayment
20%
$46,620
Closing costs
1%
$2,331
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,826
Total Expenses
$2,173
Mortgage P&I
71%
$1,305
Property Taxes
9%
$163
Home Insurance
5%
$84
HOA
0%
$0
Property Management
12%
$219
CapEx
4%
$73
Vacancy
3%
$55
Maintenance
4%
$73
Other
11%
$201