This property looks like a bad Mid-Term investment with a projected -1.11% first-year return on $65,712 initial cash invested.
-1.11%
Cash On Cash
6.26%
Cap Rate
1.02
DSCR
$2,132
Rent
-$61
Cashflow
Cash Flow
$2,132 income − $2,193 expenses = $61 out of pocket
Investment Breakdown
|
Purchase Price
$227k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,712
Downpayment
20%
$45,440
Closing costs
1%
$2,272
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,132
Total Expenses
$2,193
Mortgage P&I
54%
$1,161
Property Taxes
10%
$213
Home Insurance
4%
$94
HOA
0%
$0
Property Management
12%
$256
CapEx
4%
$85
Vacancy
3%
$64
Maintenance
4%
$85
Other
11%
$235