This property looks like a bad Mid-Term investment with a projected -0.13% first-year return on $66,279 initial cash invested.
-0.13%
Cash On Cash
7.07%
Cap Rate
1.07
DSCR
$2,294
Rent
-$7
Cashflow
Cash Flow
$2,294 income − $2,301 expenses = $7 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,279
Downpayment
20%
$45,980
Closing costs
1%
$2,299
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,294
Total Expenses
$2,301
Mortgage P&I
55%
$1,270
Property Taxes
7%
$171
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$275
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$252