This property looks like a bad Mid-Term investment with a projected -5.12% first-year return on $66,279 initial cash invested.
-5.12%
Cash On Cash
5.33%
Cap Rate
0.83
DSCR
$1,827
Rent
-$283
Cashflow
Cash Flow
$1,827 income − $2,110 expenses = $283 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,827
Total Expenses
$2,110
Mortgage P&I
67%
$1,231
Property Taxes
10%
$178
Home Insurance
4%
$80
HOA
0%
$0
Property Management
12%
$219
CapEx
4%
$73
Vacancy
3%
$55
Maintenance
4%
$73
Other
11%
$201