This property looks like a bad Mid-Term investment with a projected -3.2% first-year return on $64,410 initial cash invested.
-3.2%
Cash On Cash
5.72%
Cap Rate
0.91
DSCR
$1,764
Rent
-$172
Cashflow
Cash Flow
$1,764 income − $1,936 expenses = $172 out of pocket
Investment Breakdown
|
Purchase Price
$221k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,410
Downpayment
20%
$44,200
Closing costs
1%
$2,210
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,764
Total Expenses
$1,936
Mortgage P&I
65%
$1,154
Property Taxes
6%
$101
Home Insurance
5%
$80
HOA
0%
$0
Property Management
12%
$212
CapEx
4%
$71
Vacancy
3%
$53
Maintenance
4%
$71
Other
11%
$194