This property looks like a bad Mid-Term investment with a projected -1.87% first-year return on $66,111 initial cash invested.
-1.87%
Cash On Cash
6.48%
Cap Rate
0.99
DSCR
$2,314
Rent
-$103
Cashflow
Cash Flow
$2,314 income − $2,417 expenses = $103 out of pocket
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,111
Downpayment
20%
$45,820
Closing costs
1%
$2,291
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,314
Total Expenses
$2,417
Mortgage P&I
54%
$1,247
Property Taxes
13%
$300
Home Insurance
4%
$82
HOA
0%
$0
Property Management
12%
$278
CapEx
4%
$93
Vacancy
3%
$69
Maintenance
4%
$93
Other
11%
$255