This property looks like a bad Mid-Term investment with a projected -4.69% first-year return on $65,775 initial cash invested.
-4.69%
Cash On Cash
5.73%
Cap Rate
0.86
DSCR
$2,024
Rent
-$257
Cashflow
Cash Flow
$2,024 income − $2,281 expenses = $257 out of pocket
Investment Breakdown
|
Purchase Price
$228k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,775
Downpayment
20%
$45,500
Closing costs
1%
$2,275
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,024
Total Expenses
$2,281
Mortgage P&I
62%
$1,263
Property Taxes
11%
$224
Home Insurance
5%
$105
HOA
0%
$0
Property Management
12%
$243
CapEx
4%
$81
Vacancy
3%
$61
Maintenance
4%
$81
Other
11%
$223