This property looks like a bad Mid-Term investment with a projected -4.26% first-year return on $63,717 initial cash invested.
-4.26%
Cash On Cash
5.55%
Cap Rate
0.87
DSCR
$1,749
Rent
-$226
Cashflow
Cash Flow
$1,749 income − $1,975 expenses = $226 out of pocket
Investment Breakdown
|
Purchase Price
$218k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,717
Downpayment
20%
$43,540
Closing costs
1%
$2,177
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,749
Total Expenses
$1,975
Mortgage P&I
66%
$1,162
Property Taxes
8%
$142
Home Insurance
4%
$77
HOA
0%
$0
Property Management
12%
$210
CapEx
4%
$70
Vacancy
3%
$52
Maintenance
4%
$70
Other
11%
$192