This property looks like a bad Mid-Term investment with a projected -1.11% first-year return on $65,964 initial cash invested.
-1.11%
Cash On Cash
6.92%
Cap Rate
1.02
DSCR
$2,116
Rent
-$61
Cashflow
Cash Flow
$2,116 income − $2,177 expenses = $61 out of pocket
Investment Breakdown
|
Purchase Price
$228k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,964
Downpayment
20%
$45,680
Closing costs
1%
$2,284
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,116
Total Expenses
$2,177
Mortgage P&I
61%
$1,294
Property Taxes
4%
$79
Home Insurance
4%
$84
HOA
0%
$0
Property Management
12%
$254
CapEx
4%
$85
Vacancy
3%
$63
Maintenance
4%
$85
Other
11%
$233