This property looks like a bad Mid-Term investment with a projected -1.12% first-year return on $66,300 initial cash invested.
-1.12%
Cash On Cash
6.8%
Cap Rate
1.02
DSCR
$2,332
Rent
-$62
Cashflow
Cash Flow
$2,332 income − $2,394 expenses = $62 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,300
Downpayment
20%
$46,000
Closing costs
1%
$2,300
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,332
Total Expenses
$2,394
Mortgage P&I
55%
$1,273
Property Taxes
11%
$248
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$280
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$257