This property looks like a bad Mid-Term investment with a projected -0.2% first-year return on $64,977 initial cash invested.
-0.2%
Cash On Cash
7.03%
Cap Rate
1.07
DSCR
$2,338
Rent
-$11
Cashflow
Cash Flow
$2,338 income − $2,349 expenses = $11 out of pocket
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,977
Downpayment
20%
$44,740
Closing costs
1%
$2,237
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,338
Total Expenses
$2,349
Mortgage P&I
52%
$1,227
Property Taxes
10%
$242
Home Insurance
4%
$84
HOA
0%
$0
Property Management
12%
$281
CapEx
4%
$94
Vacancy
3%
$70
Maintenance
4%
$94
Other
11%
$257