This property looks like a bad Mid-Term investment with a projected -2.3% first-year return on $66,279 initial cash invested.
-2.3%
Cash On Cash
6.57%
Cap Rate
0.97
DSCR
$2,156
Rent
-$127
Cashflow
Cash Flow
$2,156 income − $2,283 expenses = $127 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,279
Downpayment
20%
$45,980
Closing costs
1%
$2,299
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,156
Total Expenses
$2,283
Mortgage P&I
60%
$1,299
Property Taxes
8%
$171
Home Insurance
4%
$80
HOA
0%
$0
Property Management
12%
$259
CapEx
4%
$86
Vacancy
3%
$65
Maintenance
4%
$86
Other
11%
$237