This property looks like a bad Mid-Term investment with a projected -2.99% first-year return on $68,232 initial cash invested.
-2.99%
Cash On Cash
6.19%
Cap Rate
0.93
DSCR
$1,983
Rent
-$170
Cashflow
Cash Flow
$1,983 income − $2,153 expenses = $170 out of pocket
Investment Breakdown
|
Purchase Price
$239k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,232
Downpayment
20%
$47,840
Closing costs
1%
$2,392
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,983
Total Expenses
$2,153
Mortgage P&I
67%
$1,324
Property Taxes
3%
$68
Home Insurance
4%
$88
HOA
0%
$0
Property Management
12%
$238
CapEx
4%
$79
Vacancy
3%
$59
Maintenance
4%
$79
Other
11%
$218