This property looks like a bad Mid-Term investment with a projected -0.84% first-year return on $64,386 initial cash invested.
-0.84%
Cash On Cash
7.03%
Cap Rate
1.03
DSCR
$2,034
Rent
-$45
Cashflow
Cash Flow
$2,034 income − $2,079 expenses = $45 out of pocket
Investment Breakdown
|
Purchase Price
$221k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,386
Downpayment
20%
$44,177
Closing costs
1%
$2,209
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,034
Total Expenses
$2,079
Mortgage P&I
62%
$1,258
Property Taxes
2%
$42
Home Insurance
4%
$88
HOA
0%
$0
Property Management
12%
$244
CapEx
4%
$81
Vacancy
3%
$61
Maintenance
4%
$81
Other
11%
$224