This property looks like a bad Mid-Term investment with a projected -8.26% first-year return on $63,654 initial cash invested.
-8.26%
Cash On Cash
4.63%
Cap Rate
0.69
DSCR
$1,612
Rent
-$438
Cashflow
Cash Flow
$1,612 income − $2,050 expenses = $438 out of pocket
Investment Breakdown
|
Purchase Price
$217k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,654
Downpayment
20%
$43,480
Closing costs
1%
$2,174
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,612
Total Expenses
$2,050
Mortgage P&I
75%
$1,213
Property Taxes
13%
$212
Home Insurance
5%
$79
HOA
0%
$0
Property Management
12%
$193
CapEx
4%
$64
Vacancy
3%
$48
Maintenance
4%
$64
Other
11%
$177