This property looks like a bad Mid-Term investment with a projected -3.91% first-year return on $65,082 initial cash invested.
-3.91%
Cash On Cash
5.63%
Cap Rate
0.88
DSCR
$1,690
Rent
-$212
Cashflow
Cash Flow
$1,690 income − $1,902 expenses = $212 out of pocket
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,082
Downpayment
20%
$44,840
Closing costs
1%
$2,242
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,690
Total Expenses
$1,902
Mortgage P&I
71%
$1,196
Property Taxes
3%
$50
Home Insurance
5%
$80
HOA
0%
$0
Property Management
12%
$203
CapEx
4%
$68
Vacancy
3%
$51
Maintenance
4%
$68
Other
11%
$186