This property looks like a bad Mid-Term investment with a projected 0% first-year return on $65,775 initial cash invested.
0%
Cash On Cash
7.24%
Cap Rate
1.08
DSCR
$2,422
Rent
$0
Cashflow
Cash Flow
$2,422 income − $2,422 expenses = $0 cash flow
Investment Breakdown
|
Purchase Price
$228k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,775
Downpayment
20%
$45,500
Closing costs
1%
$2,275
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,422
Total Expenses
$2,422
Mortgage P&I
53%
$1,276
Property Taxes
10%
$238
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$291
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$266