This property looks like a bad Mid-Term investment with a projected -1.57% first-year return on $64,956 initial cash invested.
-1.57%
Cash On Cash
6.82%
Cap Rate
1
DSCR
$2,271
Rent
-$85
Cashflow
Cash Flow
$2,271 income − $2,356 expenses = $85 out of pocket
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,956
Downpayment
20%
$44,720
Closing costs
1%
$2,236
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,271
Total Expenses
$2,356
Mortgage P&I
56%
$1,264
Property Taxes
11%
$240
Home Insurance
3%
$79
HOA
0%
$0
Property Management
12%
$273
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$250