This property looks like a bad Mid-Term investment with a projected -4.42% first-year return on $66,300 initial cash invested.
-4.42%
Cash On Cash
5.53%
Cap Rate
0.87
DSCR
$2,176
Rent
-$244
Cashflow
Cash Flow
$2,176 income − $2,420 expenses = $244 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,176
Total Expenses
$2,420
Mortgage P&I
56%
$1,217
Property Taxes
18%
$384
Home Insurance
4%
$80
HOA
0%
$0
Property Management
12%
$261
CapEx
4%
$87
Vacancy
3%
$65
Maintenance
4%
$87
Other
11%
$239