This property looks like a bad Mid-Term investment with a projected -3.64% first-year return on $64,935 initial cash invested.
-3.64%
Cash On Cash
5.98%
Cap Rate
0.9
DSCR
$1,848
Rent
-$197
Cashflow
Cash Flow
$1,848 income − $2,045 expenses = $197 out of pocket
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,935
Downpayment
20%
$44,700
Closing costs
1%
$2,235
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,848
Total Expenses
$2,045
Mortgage P&I
67%
$1,236
Property Taxes
5%
$90
Home Insurance
5%
$91
HOA
0%
$0
Property Management
12%
$222
CapEx
4%
$74
Vacancy
3%
$55
Maintenance
4%
$74
Other
11%
$203