This property looks like a bad Mid-Term investment with a projected -6.61% first-year return on $65,922 initial cash invested.
-6.61%
Cash On Cash
5.17%
Cap Rate
0.77
DSCR
$1,760
Rent
-$363
Cashflow
Cash Flow
$1,760 income − $2,123 expenses = $363 out of pocket
Investment Breakdown
|
Purchase Price
$228k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,922
Downpayment
20%
$45,640
Closing costs
1%
$2,282
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,760
Total Expenses
$2,123
Mortgage P&I
73%
$1,276
Property Taxes
9%
$167
Home Insurance
5%
$82
HOA
0%
$0
Property Management
12%
$211
CapEx
4%
$70
Vacancy
3%
$53
Maintenance
4%
$70
Other
11%
$194