This property looks like a bad Mid-Term investment with a projected -0.91% first-year return on $56,588 initial cash invested.
-0.91%
Cash On Cash
6.91%
Cap Rate
1.05
DSCR
$2,452
Rent
-$43
Cashflow
Cash Flow
$2,452 income − $2,495 expenses = $43 out of pocket
Investment Breakdown
|
Purchase Price
$184k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,588
Downpayment
20%
$36,750
Closing costs
1%
$1,838
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,452
Total Expenses
$2,495
Mortgage P&I
41%
$1,003
Property Taxes
23%
$556
Home Insurance
3%
$64
HOA
2%
$38
Property Management
12%
$294
CapEx
4%
$98
Vacancy
3%
$74
Maintenance
4%
$98
Other
11%
$270