This property looks like a bad Mid-Term investment with a projected -1.97% first-year return on $66,279 initial cash invested.
-1.97%
Cash On Cash
6.72%
Cap Rate
0.99
DSCR
$2,372
Rent
-$109
Cashflow
Cash Flow
$2,372 income − $2,481 expenses = $109 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,279
Downpayment
20%
$45,980
Closing costs
1%
$2,299
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,372
Total Expenses
$2,481
Mortgage P&I
55%
$1,302
Property Taxes
12%
$292
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$285
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$261