This property looks like a bad Mid-Term investment with a projected -0.24% first-year return on $64,578 initial cash invested.
-0.24%
Cash On Cash
7.02%
Cap Rate
1.06
DSCR
$2,096
Rent
-$13
Cashflow
Cash Flow
$2,096 income − $2,109 expenses = $13 out of pocket
Investment Breakdown
|
Purchase Price
$222k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,578
Downpayment
20%
$44,360
Closing costs
1%
$2,218
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,096
Total Expenses
$2,109
Mortgage P&I
58%
$1,226
Property Taxes
4%
$90
Home Insurance
4%
$79
HOA
0%
$0
Property Management
12%
$252
CapEx
4%
$84
Vacancy
3%
$63
Maintenance
4%
$84
Other
11%
$231