This property looks like a bad Mid-Term investment with a projected -0.92% first-year return on $66,867 initial cash invested.
-0.92%
Cash On Cash
6.64%
Cap Rate
1.03
DSCR
$2,336
Rent
-$51
Cashflow
Cash Flow
$2,336 income − $2,387 expenses = $51 out of pocket
Investment Breakdown
|
Purchase Price
$233k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,867
Downpayment
20%
$46,540
Closing costs
1%
$2,327
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,336
Total Expenses
$2,387
Mortgage P&I
53%
$1,246
Property Taxes
11%
$265
Home Insurance
4%
$83
HOA
0%
$0
Property Management
12%
$280
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$257