This property looks like a bad Mid-Term investment with a projected -1.58% first-year return on $65,880 initial cash invested.
-1.58%
Cash On Cash
6.7%
Cap Rate
1
DSCR
$2,114
Rent
-$87
Cashflow
Cash Flow
$2,114 income − $2,201 expenses = $87 out of pocket
Investment Breakdown
|
Purchase Price
$228k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,880
Downpayment
20%
$45,600
Closing costs
1%
$2,280
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,114
Total Expenses
$2,201
Mortgage P&I
60%
$1,275
Property Taxes
6%
$126
Home Insurance
4%
$80
HOA
0%
$0
Property Management
12%
$254
CapEx
4%
$85
Vacancy
3%
$63
Maintenance
4%
$85
Other
11%
$233