This property looks like a bad Mid-Term investment with a projected -3.06% first-year return on $64,641 initial cash invested.
-3.06%
Cash On Cash
5.99%
Cap Rate
0.93
DSCR
$1,894
Rent
-$165
Cashflow
Cash Flow
$1,894 income − $2,059 expenses = $165 out of pocket
Investment Breakdown
|
Purchase Price
$222k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,641
Downpayment
20%
$44,420
Closing costs
1%
$2,221
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,894
Total Expenses
$2,059
Mortgage P&I
63%
$1,197
Property Taxes
7%
$138
Home Insurance
4%
$80
HOA
0%
$0
Property Management
12%
$227
CapEx
4%
$76
Vacancy
3%
$57
Maintenance
4%
$76
Other
11%
$208