This property looks like a bad Mid-Term investment with a projected -3.04% first-year return on $66,615 initial cash invested.
-3.04%
Cash On Cash
6.4%
Cap Rate
0.95
DSCR
$2,445
Rent
-$169
Cashflow
Cash Flow
$2,445 income − $2,614 expenses = $169 out of pocket
Investment Breakdown
|
Purchase Price
$232k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,615
Downpayment
20%
$46,300
Closing costs
1%
$2,315
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,445
Total Expenses
$2,614
Mortgage P&I
53%
$1,305
Property Taxes
16%
$396
Home Insurance
3%
$82
HOA
0%
$0
Property Management
12%
$293
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$269