This property looks like a bad Mid-Term investment with a projected -2.07% first-year return on $64,914 initial cash invested.
-2.07%
Cash On Cash
6.63%
Cap Rate
0.98
DSCR
$2,168
Rent
-$112
Cashflow
Cash Flow
$2,168 income − $2,280 expenses = $112 out of pocket
Investment Breakdown
|
Purchase Price
$223k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,914
Downpayment
20%
$44,680
Closing costs
1%
$2,234
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,168
Total Expenses
$2,280
Mortgage P&I
58%
$1,260
Property Taxes
9%
$203
Home Insurance
4%
$80
HOA
0%
$0
Property Management
12%
$260
CapEx
4%
$87
Vacancy
3%
$65
Maintenance
4%
$87
Other
11%
$238