This property looks like a bad Mid-Term investment with a projected -0.33% first-year return on $66,090 initial cash invested.
-0.33%
Cash On Cash
6.86%
Cap Rate
1.06
DSCR
$2,296
Rent
-$18
Cashflow
Cash Flow
$2,296 income − $2,314 expenses = $18 out of pocket
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,296
Total Expenses
$2,314
Mortgage P&I
54%
$1,236
Property Taxes
9%
$216
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$276
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$253