This property looks like a bad Mid-Term investment with a projected -1.28% first-year return on $65,607 initial cash invested.
-1.28%
Cash On Cash
6.75%
Cap Rate
1.02
DSCR
$2,298
Rent
-$70
Cashflow
Cash Flow
$2,298 income − $2,368 expenses = $70 out of pocket
Investment Breakdown
|
Purchase Price
$227k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,607
Downpayment
20%
$45,340
Closing costs
1%
$2,267
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,298
Total Expenses
$2,368
Mortgage P&I
55%
$1,253
Property Taxes
11%
$254
Home Insurance
3%
$79
HOA
0%
$0
Property Management
12%
$276
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$253