This property looks like a bad Mid-Term investment with a projected -1.19% first-year return on $66,594 initial cash invested.
-1.19%
Cash On Cash
6.85%
Cap Rate
1.01
DSCR
$2,037
Rent
-$66
Cashflow
Cash Flow
$2,037 income − $2,103 expenses = $66 out of pocket
Investment Breakdown
|
Purchase Price
$231k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,594
Downpayment
20%
$46,280
Closing costs
1%
$2,314
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,037
Total Expenses
$2,103
Mortgage P&I
64%
$1,305
Property Taxes
1%
$25
Home Insurance
4%
$82
HOA
0%
$0
Property Management
12%
$244
CapEx
4%
$81
Vacancy
3%
$61
Maintenance
4%
$81
Other
11%
$224