This property looks like a bad Mid-Term investment with a projected -0.64% first-year return on $65,418 initial cash invested.
-0.64%
Cash On Cash
6.9%
Cap Rate
1.06
DSCR
$2,604
Rent
-$35
Cashflow
Cash Flow
$2,604 income − $2,639 expenses = $35 out of pocket
Investment Breakdown
|
Purchase Price
$226k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,418
Downpayment
20%
$45,160
Closing costs
1%
$2,258
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,604
Total Expenses
$2,639
Mortgage P&I
47%
$1,229
Property Taxes
17%
$444
Home Insurance
3%
$82
HOA
0%
$0
Property Management
12%
$312
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$286