This property looks like a bad Mid-Term investment with a projected -1.44% first-year return on $65,712 initial cash invested.
-1.44%
Cash On Cash
6.81%
Cap Rate
1.02
DSCR
$2,508
Rent
-$79
Cashflow
Cash Flow
$2,508 income − $2,587 expenses = $79 out of pocket
Investment Breakdown
|
Purchase Price
$227k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,712
Downpayment
20%
$45,440
Closing costs
1%
$2,272
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,508
Total Expenses
$2,587
Mortgage P&I
51%
$1,269
Property Taxes
15%
$386
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$301
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$276