This property looks like a bad Mid-Term investment with a projected -0.25% first-year return on $66,090 initial cash invested.
-0.25%
Cash On Cash
7.19%
Cap Rate
1.08
DSCR
$2,739
Rent
-$14
Cashflow
Cash Flow
$2,739 income − $2,753 expenses = $14 out of pocket
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,090
Downpayment
20%
$45,800
Closing costs
1%
$2,290
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,739
Total Expenses
$2,753
Mortgage P&I
47%
$1,276
Property Taxes
17%
$465
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$329
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$301