This property looks like a bad Mid-Term investment with a projected -4.98% first-year return on $64,326 initial cash invested.
-4.98%
Cash On Cash
5.17%
Cap Rate
0.82
DSCR
$1,578
Rent
-$267
Cashflow
Cash Flow
$1,578 income − $1,845 expenses = $267 out of pocket
Investment Breakdown
|
Purchase Price
$221k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,326
Downpayment
20%
$44,120
Closing costs
1%
$2,206
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,578
Total Expenses
$1,845
Mortgage P&I
73%
$1,154
Property Taxes
5%
$76
Home Insurance
5%
$79
HOA
0%
$0
Property Management
12%
$189
CapEx
4%
$63
Vacancy
3%
$47
Maintenance
4%
$63
Other
11%
$174