This property looks like a bad Mid-Term investment with a projected -0.98% first-year return on $64,620 initial cash invested.
-0.98%
Cash On Cash
7.02%
Cap Rate
1.04
DSCR
$2,694
Rent
-$53
Cashflow
Cash Flow
$2,694 income − $2,747 expenses = $53 out of pocket
Investment Breakdown
|
Purchase Price
$222k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,620
Downpayment
20%
$44,400
Closing costs
1%
$2,220
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,694
Total Expenses
$2,747
Mortgage P&I
46%
$1,243
Property Taxes
18%
$477
Home Insurance
3%
$78
HOA
1%
$33
Property Management
12%
$323
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$296