This property looks like a bad Mid-Term investment with a projected -4% first-year return on $66,300 initial cash invested.
-4%
Cash On Cash
5.92%
Cap Rate
0.89
DSCR
$2,097
Rent
-$221
Cashflow
Cash Flow
$2,097 income − $2,318 expenses = $221 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,300
Downpayment
20%
$46,000
Closing costs
1%
$2,300
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,097
Total Expenses
$2,318
Mortgage P&I
61%
$1,271
Property Taxes
12%
$253
Home Insurance
4%
$80
HOA
0%
$0
Property Management
12%
$252
CapEx
4%
$84
Vacancy
3%
$63
Maintenance
4%
$84
Other
11%
$231