This property looks like a bad Mid-Term investment with a projected -8.62% first-year return on $66,300 initial cash invested.
-8.62%
Cash On Cash
4.49%
Cap Rate
0.68
DSCR
$1,660
Rent
-$476
Cashflow
Cash Flow
$1,660 income − $2,136 expenses = $476 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
$1,660
Total Expenses
$2,136
Mortgage P&I
77%
$1,271
Property Taxes
13%
$221
Home Insurance
5%
$80
HOA
0%
$0
Property Management
12%
$199
CapEx
4%
$66
Vacancy
3%
$50
Maintenance
4%
$66
Other
11%
$183