This property looks like a bad Mid-Term investment with a projected -9.74% first-year return on $66,279 initial cash invested.
-9.74%
Cash On Cash
4.41%
Cap Rate
0.65
DSCR
$2,292
Rent
-$538
Cashflow
Cash Flow
$2,292 income − $2,830 expenses = $538 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,292
Total Expenses
$2,830
Mortgage P&I
56%
$1,291
Property Taxes
30%
$679
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$275
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$252