This property looks like a bad Mid-Term investment with a projected -0.73% first-year return on $65,880 initial cash invested.
-0.73%
Cash On Cash
7%
Cap Rate
1.06
DSCR
$2,742
Rent
-$40
Cashflow
Cash Flow
$2,742 income − $2,782 expenses = $40 out of pocket
Investment Breakdown
|
Purchase Price
$228k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,880
Downpayment
20%
$45,600
Closing costs
1%
$2,280
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,742
Total Expenses
$2,782
Mortgage P&I
46%
$1,260
Property Taxes
19%
$509
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$329
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$302