This property looks like a bad Mid-Term investment with a projected -4.41% first-year return on $63,465 initial cash invested.
-4.41%
Cash On Cash
6.04%
Cap Rate
0.88
DSCR
$2,042
Rent
-$233
Cashflow
Cash Flow
$2,042 income − $2,275 expenses = $233 out of pocket
Investment Breakdown
|
Purchase Price
$217k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,465
Downpayment
20%
$43,300
Closing costs
1%
$2,165
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,042
Total Expenses
$2,275
Mortgage P&I
61%
$1,241
Property Taxes
13%
$263
Home Insurance
4%
$76
HOA
0%
$0
Property Management
12%
$245
CapEx
4%
$82
Vacancy
3%
$61
Maintenance
4%
$82
Other
11%
$225