This property looks like a bad Mid-Term investment with a projected -4.64% first-year return on $68,232 initial cash invested.
-4.64%
Cash On Cash
5.86%
Cap Rate
0.86
DSCR
$1,971
Rent
-$264
Cashflow
Cash Flow
$1,971 income − $2,235 expenses = $264 out of pocket
Investment Breakdown
|
Purchase Price
$239k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,971
Total Expenses
$2,235
Mortgage P&I
69%
$1,354
Property Taxes
6%
$124
Home Insurance
4%
$86
HOA
0%
$0
Property Management
12%
$237
CapEx
4%
$79
Vacancy
3%
$59
Maintenance
4%
$79
Other
11%
$217