This property looks like a bad Mid-Term investment with a projected -1.52% first-year return on $66,363 initial cash invested.
-1.52%
Cash On Cash
6.69%
Cap Rate
1
DSCR
$2,206
Rent
-$84
Cashflow
Cash Flow
$2,206 income − $2,290 expenses = $84 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,363
Downpayment
20%
$46,060
Closing costs
1%
$2,303
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,206
Total Expenses
$2,290
Mortgage P&I
58%
$1,280
Property Taxes
8%
$176
Home Insurance
4%
$84
HOA
0%
$0
Property Management
12%
$265
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$243