This property looks like a bad Mid-Term investment with a projected -1.52% first-year return on $64,788 initial cash invested.
-1.52%
Cash On Cash
6.7%
Cap Rate
1.02
DSCR
$2,576
Rent
-$82
Cashflow
Cash Flow
$2,576 income − $2,658 expenses = $82 out of pocket
Investment Breakdown
|
Purchase Price
$223k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,788
Downpayment
20%
$44,560
Closing costs
1%
$2,228
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,576
Total Expenses
$2,658
Mortgage P&I
47%
$1,223
Property Taxes
18%
$474
Home Insurance
3%
$86
HOA
0%
$0
Property Management
12%
$309
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$283