This property looks like a bad Mid-Term investment with a projected -0.36% first-year return on $66,384 initial cash invested.
-0.36%
Cash On Cash
7.04%
Cap Rate
1.06
DSCR
$2,460
Rent
-$20
Cashflow
Cash Flow
$2,460 income − $2,480 expenses = $20 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,384
Downpayment
20%
$46,080
Closing costs
1%
$2,304
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,460
Total Expenses
$2,480
Mortgage P&I
52%
$1,273
Property Taxes
12%
$289
Home Insurance
3%
$82
HOA
0%
$0
Property Management
12%
$295
CapEx
4%
$98
Vacancy
3%
$74
Maintenance
4%
$98
Other
11%
$271