This property looks like a bad Mid-Term investment with a projected -6.93% first-year return on $66,279 initial cash invested.
-6.93%
Cash On Cash
5.16%
Cap Rate
0.77
DSCR
$2,156
Rent
-$383
Cashflow
Cash Flow
$2,156 income − $2,539 expenses = $383 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,156
Total Expenses
$2,539
Mortgage P&I
60%
$1,286
Property Taxes
20%
$440
Home Insurance
4%
$80
HOA
0%
$0
Property Management
12%
$259
CapEx
4%
$86
Vacancy
3%
$65
Maintenance
4%
$86
Other
11%
$237