This property looks like a bad Mid-Term investment with a projected -0.84% first-year return on $65,670 initial cash invested.
-0.84%
Cash On Cash
6.56%
Cap Rate
1.03
DSCR
$2,145
Rent
-$46
Cashflow
Cash Flow
$2,145 income − $2,191 expenses = $46 out of pocket
Investment Breakdown
|
Purchase Price
$227k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,670
Downpayment
20%
$45,400
Closing costs
1%
$2,270
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,145
Total Expenses
$2,191
Mortgage P&I
56%
$1,200
Property Taxes
8%
$180
Home Insurance
4%
$82
HOA
0%
$0
Property Management
12%
$257
CapEx
4%
$86
Vacancy
3%
$64
Maintenance
4%
$86
Other
11%
$236