This property looks like a bad Mid-Term investment with a projected -2.87% first-year return on $65,691 initial cash invested.
-2.87%
Cash On Cash
6.38%
Cap Rate
0.94
DSCR
$1,968
Rent
-$157
Cashflow
Cash Flow
$1,968 income − $2,125 expenses = $157 out of pocket
Investment Breakdown
|
Purchase Price
$227k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,691
Downpayment
20%
$45,420
Closing costs
1%
$2,271
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,968
Total Expenses
$2,125
Mortgage P&I
65%
$1,285
Property Taxes
5%
$91
Home Insurance
4%
$80
HOA
0%
$0
Property Management
12%
$236
CapEx
4%
$79
Vacancy
3%
$59
Maintenance
4%
$79
Other
11%
$216