This property looks like a bad Mid-Term investment with a projected -2.1% first-year return on $65,670 initial cash invested.
-2.1%
Cash On Cash
6.47%
Cap Rate
0.98
DSCR
$2,198
Rent
-$115
Cashflow
Cash Flow
$2,198 income − $2,313 expenses = $115 out of pocket
Investment Breakdown
|
Purchase Price
$227k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,670
Downpayment
20%
$45,400
Closing costs
1%
$2,270
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,198
Total Expenses
$2,313
Mortgage P&I
57%
$1,250
Property Taxes
11%
$236
Home Insurance
4%
$79
HOA
0%
$0
Property Management
12%
$264
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$242