This property looks like a bad Mid-Term investment with a projected -1.21% first-year return on $66,279 initial cash invested.
-1.21%
Cash On Cash
6.88%
Cap Rate
1.02
DSCR
$2,355
Rent
-$67
Cashflow
Cash Flow
$2,355 income − $2,422 expenses = $67 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
$2,355
Total Expenses
$2,422
Mortgage P&I
55%
$1,291
Property Taxes
8%
$177
Home Insurance
3%
$80
HOA
3%
$73
Property Management
12%
$283
CapEx
4%
$94
Vacancy
3%
$71
Maintenance
4%
$94
Other
11%
$259