This property looks like a bad Mid-Term investment with a projected -3.74% first-year return on $65,397 initial cash invested.
-3.74%
Cash On Cash
5.83%
Cap Rate
0.92
DSCR
$2,751
Rent
-$204
Cashflow
Cash Flow
$2,751 income − $2,955 expenses = $204 out of pocket
Investment Breakdown
|
Purchase Price
$226k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,397
Downpayment
20%
$45,140
Closing costs
1%
$2,257
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,751
Total Expenses
$2,955
Mortgage P&I
43%
$1,191
Property Taxes
27%
$748
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$330
CapEx
4%
$110
Vacancy
3%
$83
Maintenance
4%
$110
Other
11%
$303