This property looks like a bad Mid-Term investment with a projected -0.38% first-year return on $65,943 initial cash invested.
-0.38%
Cash On Cash
7%
Cap Rate
1.06
DSCR
$2,271
Rent
-$21
Cashflow
Cash Flow
$2,271 income − $2,292 expenses = $21 out of pocket
Investment Breakdown
|
Purchase Price
$228k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,943
Downpayment
20%
$45,660
Closing costs
1%
$2,283
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,271
Total Expenses
$2,292
Mortgage P&I
56%
$1,261
Property Taxes
8%
$181
Home Insurance
3%
$77
HOA
0%
$0
Property Management
12%
$273
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$250