This property looks like a bad Mid-Term investment with a projected -6.42% first-year return on $65,833 initial cash invested.
-6.42%
Cash On Cash
5.05%
Cap Rate
0.78
DSCR
$1,917
Rent
-$352
Cashflow
Cash Flow
$1,917 income − $2,269 expenses = $352 out of pocket
Investment Breakdown
|
Purchase Price
$228k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,833
Downpayment
20%
$45,555
Closing costs
1%
$2,278
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,917
Total Expenses
$2,269
Mortgage P&I
64%
$1,234
Property Taxes
16%
$302
Home Insurance
4%
$80
HOA
0%
$0
Property Management
12%
$230
CapEx
4%
$77
Vacancy
3%
$58
Maintenance
4%
$77
Other
11%
$211