This property looks like a bad Mid-Term investment with a projected -1.72% first-year return on $64,977 initial cash invested.
-1.72%
Cash On Cash
6.28%
Cap Rate
1
DSCR
$2,332
Rent
-$93
Cashflow
Cash Flow
$2,332 income − $2,425 expenses = $93 out of pocket
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,977
Downpayment
20%
$44,740
Closing costs
1%
$2,237
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,332
Total Expenses
$2,425
Mortgage P&I
50%
$1,171
Property Taxes
16%
$381
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$280
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$257