This property looks like a bad Mid-Term investment with a projected -2.53% first-year return on $66,290 initial cash invested.
-2.53%
Cash On Cash
6.53%
Cap Rate
0.97
DSCR
$2,608
Rent
-$140
Cashflow
Cash Flow
$2,608 income − $2,748 expenses = $140 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,290
Downpayment
20%
$45,990
Closing costs
1%
$2,300
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,608
Total Expenses
$2,748
Mortgage P&I
49%
$1,288
Property Taxes
19%
$494
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$313
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$287