This property looks like a bad Mid-Term investment with a projected -1.17% first-year return on $66,762 initial cash invested.
-1.17%
Cash On Cash
6.74%
Cap Rate
1.02
DSCR
$2,265
Rent
-$65
Cashflow
Cash Flow
$2,265 income − $2,330 expenses = $65 out of pocket
Investment Breakdown
|
Purchase Price
$232k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,762
Downpayment
20%
$46,440
Closing costs
1%
$2,322
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,265
Total Expenses
$2,330
Mortgage P&I
56%
$1,279
Property Taxes
8%
$178
Home Insurance
5%
$102
HOA
0%
$0
Property Management
12%
$272
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$249