This property looks like a bad Mid-Term investment with a projected -3.17% first-year return on $65,943 initial cash invested.
-3.17%
Cash On Cash
5.95%
Cap Rate
0.93
DSCR
$2,214
Rent
-$174
Cashflow
Cash Flow
$2,214 income − $2,388 expenses = $174 out of pocket
Investment Breakdown
|
Purchase Price
$228k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,943
Downpayment
20%
$45,660
Closing costs
1%
$2,283
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,214
Total Expenses
$2,388
Mortgage P&I
55%
$1,217
Property Taxes
15%
$337
Home Insurance
4%
$80
HOA
0%
$0
Property Management
12%
$266
CapEx
4%
$89
Vacancy
3%
$66
Maintenance
4%
$89
Other
11%
$244