This property looks like a bad Mid-Term investment with a projected -9.41% first-year return on $66,300 initial cash invested.
-9.41%
Cash On Cash
4.02%
Cap Rate
0.62
DSCR
$1,328
Rent
-$520
Cashflow
Cash Flow
$1,328 income − $1,848 expenses = $520 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,328
Total Expenses
$1,848
Mortgage P&I
93%
$1,237
Property Taxes
6%
$80
Home Insurance
6%
$80
HOA
0%
$0
Property Management
12%
$159
CapEx
4%
$53
Vacancy
3%
$40
Maintenance
4%
$53
Other
11%
$146