This property looks like a bad Mid-Term investment with a projected -1.43% first-year return on $67,875 initial cash invested.
-1.43%
Cash On Cash
6.64%
Cap Rate
1.02
DSCR
$2,570
Rent
-$81
Cashflow
Cash Flow
$2,570 income − $2,651 expenses = $81 out of pocket
Investment Breakdown
|
Purchase Price
$238k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,875
Downpayment
20%
$47,500
Closing costs
1%
$2,375
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,570
Total Expenses
$2,651
Mortgage P&I
50%
$1,293
Property Taxes
17%
$441
Home Insurance
2%
$43
HOA
0%
$0
Property Management
12%
$308
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$283