This property looks like a bad Mid-Term investment with a projected -0.33% first-year return on $65,103 initial cash invested.
-0.33%
Cash On Cash
7.16%
Cap Rate
1.06
DSCR
$2,358
Rent
-$18
Cashflow
Cash Flow
$2,358 income − $2,376 expenses = $18 out of pocket
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,103
Downpayment
20%
$44,860
Closing costs
1%
$2,243
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,358
Total Expenses
$2,376
Mortgage P&I
54%
$1,262
Property Taxes
10%
$234
Home Insurance
3%
$79
HOA
0%
$0
Property Management
12%
$283
CapEx
4%
$94
Vacancy
3%
$71
Maintenance
4%
$94
Other
11%
$259