This property looks like a bad Mid-Term investment with a projected -0.11% first-year return on $65,985 initial cash invested.
-0.11%
Cash On Cash
6.93%
Cap Rate
1.07
DSCR
$2,355
Rent
-$6
Cashflow
Cash Flow
$2,355 income − $2,361 expenses = $6 out of pocket
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,985
Downpayment
20%
$45,700
Closing costs
1%
$2,285
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,355
Total Expenses
$2,361
Mortgage P&I
52%
$1,232
Property Taxes
10%
$240
Home Insurance
3%
$80
HOA
0%
$8
Property Management
12%
$283
CapEx
4%
$94
Vacancy
3%
$71
Maintenance
4%
$94
Other
11%
$259