This property looks like a bad Mid-Term investment with a projected -1.11% first-year return on $65,838 initial cash invested.
-1.11%
Cash On Cash
7.04%
Cap Rate
1.03
DSCR
$2,488
Rent
-$61
Cashflow
Cash Flow
$2,488 income − $2,549 expenses = $61 out of pocket
Investment Breakdown
|
Purchase Price
$228k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,838
Downpayment
20%
$45,560
Closing costs
1%
$2,278
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,488
Total Expenses
$2,549
Mortgage P&I
52%
$1,297
Property Taxes
13%
$324
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$299
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$274