This property looks like a bad Mid-Term investment with a projected -2.15% first-year return on $65,334 initial cash invested.
-2.15%
Cash On Cash
5.96%
Cap Rate
0.98
DSCR
$2,306
Rent
-$117
Cashflow
Cash Flow
$2,306 income − $2,423 expenses = $117 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,334
Downpayment
20%
$45,080
Closing costs
1%
$2,254
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,306
Total Expenses
$2,423
Mortgage P&I
50%
$1,144
Property Taxes
18%
$415
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$277
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$254