This property looks like a bad Mid-Term investment with a projected -1.09% first-year return on $67,980 initial cash invested.
-1.09%
Cash On Cash
6.88%
Cap Rate
1.02
DSCR
$2,262
Rent
-$62
Cashflow
Cash Flow
$2,262 income − $2,324 expenses = $62 out of pocket
Investment Breakdown
|
Purchase Price
$238k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,980
Downpayment
20%
$47,600
Closing costs
1%
$2,380
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,262
Total Expenses
$2,324
Mortgage P&I
59%
$1,337
Property Taxes
6%
$135
Home Insurance
4%
$84
HOA
0%
$0
Property Management
12%
$271
CapEx
4%
$90
Vacancy
3%
$68
Maintenance
4%
$90
Other
11%
$249