This property looks like a bad Mid-Term investment with a projected -6.07% first-year return on $66,405 initial cash invested.
-6.07%
Cash On Cash
4.93%
Cap Rate
0.78
DSCR
$1,842
Rent
-$336
Cashflow
Cash Flow
$1,842 income − $2,178 expenses = $336 out of pocket
Investment Breakdown
|
Purchase Price
$231k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,405
Downpayment
20%
$46,100
Closing costs
1%
$2,305
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,842
Total Expenses
$2,178
Mortgage P&I
66%
$1,209
Property Taxes
14%
$260
Home Insurance
4%
$82
HOA
0%
$0
Property Management
12%
$221
CapEx
4%
$74
Vacancy
3%
$55
Maintenance
4%
$74
Other
11%
$203