This property looks like a bad Mid-Term investment with a projected -2.69% first-year return on $68,190 initial cash invested.
-2.69%
Cash On Cash
6.11%
Cap Rate
0.95
DSCR
$2,178
Rent
-$153
Cashflow
Cash Flow
$2,178 income − $2,331 expenses = $153 out of pocket
Investment Breakdown
|
Purchase Price
$239k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,178
Total Expenses
$2,331
Mortgage P&I
59%
$1,283
Property Taxes
10%
$224
Home Insurance
4%
$84
HOA
0%
$0
Property Management
12%
$261
CapEx
4%
$87
Vacancy
3%
$65
Maintenance
4%
$87
Other
11%
$240