This property looks like a bad Mid-Term investment with a projected -1.06% first-year return on $66,720 initial cash invested.
-1.06%
Cash On Cash
6.63%
Cap Rate
1.02
DSCR
$2,062
Rent
-$59
Cashflow
Cash Flow
$2,062 income − $2,121 expenses = $59 out of pocket
Investment Breakdown
|
Purchase Price
$232k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,720
Downpayment
20%
$46,400
Closing costs
1%
$2,320
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,062
Total Expenses
$2,121
Mortgage P&I
61%
$1,258
Property Taxes
4%
$83
Home Insurance
4%
$80
HOA
0%
$0
Property Management
12%
$247
CapEx
4%
$82
Vacancy
3%
$62
Maintenance
4%
$82
Other
11%
$227