This property looks like a bad Mid-Term investment with a projected -0.19% first-year return on $63,297 initial cash invested.
-0.19%
Cash On Cash
7.23%
Cap Rate
1.07
DSCR
$2,290
Rent
-$10
Cashflow
Cash Flow
$2,290 income − $2,300 expenses = $10 out of pocket
Investment Breakdown
|
Purchase Price
$216k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,297
Downpayment
20%
$43,140
Closing costs
1%
$2,157
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,290
Total Expenses
$2,300
Mortgage P&I
53%
$1,218
Property Taxes
10%
$225
Home Insurance
3%
$77
HOA
0%
$0
Property Management
12%
$275
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$252