This property looks like a bad Mid-Term investment with a projected -0.02% first-year return on $63,990 initial cash invested.
-0.02%
Cash On Cash
7.19%
Cap Rate
1.07
DSCR
$2,194
Rent
-$1
Cashflow
Cash Flow
$2,194 income − $2,195 expenses = $1 out of pocket
Investment Breakdown
|
Purchase Price
$219k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,990
Downpayment
20%
$43,800
Closing costs
1%
$2,190
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,194
Total Expenses
$2,195
Mortgage P&I
56%
$1,225
Property Taxes
1%
$11
Home Insurance
4%
$77
HOA
6%
$136
Property Management
12%
$263
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$241