This property looks like a bad Mid-Term investment with a projected -0.2% first-year return on $64,830 initial cash invested.
-0.2%
Cash On Cash
7.15%
Cap Rate
1.06
DSCR
$2,262
Rent
-$11
Cashflow
Cash Flow
$2,262 income − $2,273 expenses = $11 out of pocket
Investment Breakdown
|
Purchase Price
$223k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,830
Downpayment
20%
$44,600
Closing costs
1%
$2,230
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,262
Total Expenses
$2,273
Mortgage P&I
55%
$1,249
Property Taxes
8%
$176
Home Insurance
4%
$80
HOA
0%
$0
Property Management
12%
$271
CapEx
4%
$90
Vacancy
3%
$68
Maintenance
4%
$90
Other
11%
$249