This property looks like a bad Mid-Term investment with a projected -4.13% first-year return on $65,439 initial cash invested.
-4.13%
Cash On Cash
5.81%
Cap Rate
0.88
DSCR
$1,857
Rent
-$225
Cashflow
Cash Flow
$1,857 income − $2,082 expenses = $225 out of pocket
Investment Breakdown
|
Purchase Price
$226k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,439
Downpayment
20%
$45,180
Closing costs
1%
$2,259
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,857
Total Expenses
$2,082
Mortgage P&I
67%
$1,244
Property Taxes
7%
$128
Home Insurance
4%
$79
HOA
0%
$0
Property Management
12%
$223
CapEx
4%
$74
Vacancy
3%
$56
Maintenance
4%
$74
Other
11%
$204