This property looks like a bad Mid-Term investment with a projected -3.65% first-year return on $64,431 initial cash invested.
-3.65%
Cash On Cash
5.87%
Cap Rate
0.91
DSCR
$2,072
Rent
-$196
Cashflow
Cash Flow
$2,072 income − $2,268 expenses = $196 out of pocket
Investment Breakdown
|
Purchase Price
$221k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,431
Downpayment
20%
$44,220
Closing costs
1%
$2,211
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,072
Total Expenses
$2,268
Mortgage P&I
58%
$1,194
Property Taxes
13%
$269
Home Insurance
5%
$100
HOA
0%
$0
Property Management
12%
$249
CapEx
4%
$83
Vacancy
3%
$62
Maintenance
4%
$83
Other
11%
$228