This property looks like a bad Mid-Term investment with a projected -0.2% first-year return on $65,796 initial cash invested.
-0.2%
Cash On Cash
7.02%
Cap Rate
1.06
DSCR
$2,132
Rent
-$11
Cashflow
Cash Flow
$2,132 income − $2,143 expenses = $11 out of pocket
Investment Breakdown
|
Purchase Price
$228k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,796
Downpayment
20%
$45,520
Closing costs
1%
$2,276
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,132
Total Expenses
$2,143
Mortgage P&I
59%
$1,258
Property Taxes
4%
$80
Home Insurance
4%
$80
HOA
0%
$0
Property Management
12%
$256
CapEx
4%
$85
Vacancy
3%
$64
Maintenance
4%
$85
Other
11%
$235