This property looks like a bad Mid-Term investment with a projected -0.54% first-year return on $66,237 initial cash invested.
-0.54%
Cash On Cash
6.97%
Cap Rate
1.04
DSCR
$2,102
Rent
-$30
Cashflow
Cash Flow
$2,102 income − $2,132 expenses = $30 out of pocket
Investment Breakdown
|
Purchase Price
$230k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,237
Downpayment
20%
$45,940
Closing costs
1%
$2,297
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,102
Total Expenses
$2,132
Mortgage P&I
61%
$1,281
Property Taxes
3%
$55
Home Insurance
4%
$82
HOA
0%
$0
Property Management
12%
$252
CapEx
4%
$84
Vacancy
3%
$63
Maintenance
4%
$84
Other
11%
$231