This property looks like a bad Mid-Term investment with a projected -7.01% first-year return on $66,090 initial cash invested.
-7.01%
Cash On Cash
4.92%
Cap Rate
0.75
DSCR
$1,798
Rent
-$386
Cashflow
Cash Flow
$1,798 income − $2,184 expenses = $386 out of pocket
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,798
Total Expenses
$2,184
Mortgage P&I
70%
$1,253
Property Taxes
13%
$239
Home Insurance
4%
$80
HOA
0%
$0
Property Management
12%
$216
CapEx
4%
$72
Vacancy
3%
$54
Maintenance
4%
$72
Other
11%
$198