This property looks like a bad Mid-Term investment with a projected -0.89% first-year return on $66,300 initial cash invested.
-0.89%
Cash On Cash
6.68%
Cap Rate
1.03
DSCR
$2,295
Rent
-$49
Cashflow
Cash Flow
$2,295 income − $2,344 expenses = $49 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,295
Total Expenses
$2,344
Mortgage P&I
54%
$1,238
Property Taxes
11%
$246
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$275
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$252