This property looks like a bad Mid-Term investment with a projected -1.54% first-year return on $64,599 initial cash invested.
-1.54%
Cash On Cash
6.62%
Cap Rate
1
DSCR
$2,168
Rent
-$83
Cashflow
Cash Flow
$2,168 income − $2,251 expenses = $83 out of pocket
Investment Breakdown
|
Purchase Price
$222k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,599
Downpayment
20%
$44,380
Closing costs
1%
$2,219
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,168
Total Expenses
$2,251
Mortgage P&I
56%
$1,221
Property Taxes
9%
$204
Home Insurance
4%
$89
HOA
0%
$0
Property Management
12%
$260
CapEx
4%
$87
Vacancy
3%
$65
Maintenance
4%
$87
Other
11%
$238