This property looks like a bad Mid-Term investment with a projected -1.75% first-year return on $63,255 initial cash invested.
-1.75%
Cash On Cash
6.52%
Cap Rate
1
DSCR
$2,174
Rent
-$92
Cashflow
Cash Flow
$2,174 income − $2,266 expenses = $92 out of pocket
Investment Breakdown
|
Purchase Price
$216k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,255
Downpayment
20%
$43,100
Closing costs
1%
$2,155
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,174
Total Expenses
$2,266
Mortgage P&I
54%
$1,176
Property Taxes
12%
$264
Home Insurance
4%
$87
HOA
0%
$0
Property Management
12%
$261
CapEx
4%
$87
Vacancy
3%
$65
Maintenance
4%
$87
Other
11%
$239