This property looks like a bad Mid-Term investment with a projected -8.95% first-year return on $66,090 initial cash invested.
-8.95%
Cash On Cash
4.57%
Cap Rate
0.67
DSCR
$1,600
Rent
-$493
Cashflow
Cash Flow
$1,600 income − $2,093 expenses = $493 out of pocket
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,090
Downpayment
20%
$45,800
Closing costs
1%
$2,290
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,600
Total Expenses
$2,093
Mortgage P&I
81%
$1,301
Property Taxes
11%
$168
Home Insurance
5%
$80
HOA
0%
$0
Property Management
12%
$192
CapEx
4%
$64
Vacancy
3%
$48
Maintenance
4%
$64
Other
11%
$176