This property looks like a bad Mid-Term investment with a projected -0.38% first-year return on $66,342 initial cash invested.
-0.38%
Cash On Cash
6.97%
Cap Rate
1.07
DSCR
$2,574
Rent
-$21
Cashflow
Cash Flow
$2,574 income − $2,595 expenses = $21 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,342
Downpayment
20%
$46,040
Closing costs
1%
$2,302
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,574
Total Expenses
$2,595
Mortgage P&I
49%
$1,256
Property Taxes
14%
$366
Home Insurance
4%
$98
HOA
0%
$0
Property Management
12%
$309
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$283