This property looks like a bad Mid-Term investment with a projected -0.46% first-year return on $64,851 initial cash invested.
-0.46%
Cash On Cash
7.04%
Cap Rate
1.06
DSCR
$2,451
Rent
-$25
Cashflow
Cash Flow
$2,451 income − $2,476 expenses = $25 out of pocket
Investment Breakdown
|
Purchase Price
$223k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,851
Downpayment
20%
$44,620
Closing costs
1%
$2,231
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,451
Total Expenses
$2,476
Mortgage P&I
50%
$1,236
Property Taxes
13%
$326
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$294
CapEx
4%
$98
Vacancy
3%
$74
Maintenance
4%
$98
Other
11%
$270