This property looks like a bad Mid-Term investment with a projected -1.46% first-year return on $66,720 initial cash invested.
-1.46%
Cash On Cash
6.51%
Cap Rate
1.01
DSCR
$2,238
Rent
-$81
Cashflow
Cash Flow
$2,238 income − $2,319 expenses = $81 out of pocket
Investment Breakdown
|
Purchase Price
$232k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,720
Downpayment
20%
$46,400
Closing costs
1%
$2,320
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,238
Total Expenses
$2,319
Mortgage P&I
56%
$1,250
Property Taxes
10%
$224
Home Insurance
4%
$83
HOA
0%
$0
Property Management
12%
$269
CapEx
4%
$90
Vacancy
3%
$67
Maintenance
4%
$90
Other
11%
$246