This property looks like a bad Mid-Term investment with a projected -0.07% first-year return on $66,216 initial cash invested.
-0.07%
Cash On Cash
6.95%
Cap Rate
1.07
DSCR
$2,266
Rent
-$4
Cashflow
Cash Flow
$2,266 income − $2,270 expenses = $4 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,216
Downpayment
20%
$45,920
Closing costs
1%
$2,296
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,266
Total Expenses
$2,270
Mortgage P&I
55%
$1,242
Property Taxes
8%
$175
Home Insurance
4%
$82
HOA
0%
$0
Property Management
12%
$272
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$249