This property looks like a bad Mid-Term investment with a projected -0.13% first-year return on $63,969 initial cash invested.
-0.13%
Cash On Cash
7.02%
Cap Rate
1.07
DSCR
$2,242
Rent
-$7
Cashflow
Cash Flow
$2,242 income − $2,249 expenses = $7 out of pocket
Investment Breakdown
|
Purchase Price
$219k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,969
Downpayment
20%
$43,780
Closing costs
1%
$2,189
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,242
Total Expenses
$2,249
Mortgage P&I
53%
$1,197
Property Taxes
9%
$210
Home Insurance
4%
$79
HOA
0%
$0
Property Management
12%
$269
CapEx
4%
$90
Vacancy
3%
$67
Maintenance
4%
$90
Other
11%
$247