This property looks like a bad Mid-Term investment with a projected -1.12% first-year return on $65,607 initial cash invested.
-1.12%
Cash On Cash
6.9%
Cap Rate
1.03
DSCR
$2,421
Rent
-$61
Cashflow
Cash Flow
$2,421 income − $2,482 expenses = $61 out of pocket
Investment Breakdown
|
Purchase Price
$227k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,607
Downpayment
20%
$45,340
Closing costs
1%
$2,267
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,421
Total Expenses
$2,482
Mortgage P&I
52%
$1,268
Property Taxes
13%
$310
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$291
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$266