This property looks like a bad Mid-Term investment with a projected -3.54% first-year return on $64,725 initial cash invested.
-3.54%
Cash On Cash
6.01%
Cap Rate
0.91
DSCR
$1,922
Rent
-$191
Cashflow
Cash Flow
$1,922 income − $2,113 expenses = $191 out of pocket
Investment Breakdown
|
Purchase Price
$223k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,725
Downpayment
20%
$44,500
Closing costs
1%
$2,225
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,922
Total Expenses
$2,113
Mortgage P&I
64%
$1,229
Property Taxes
8%
$150
Home Insurance
4%
$80
HOA
0%
$0
Property Management
12%
$231
CapEx
4%
$77
Vacancy
3%
$58
Maintenance
4%
$77
Other
11%
$211