This property looks like a bad Mid-Term investment with a projected -3.52% first-year return on $58,950 initial cash invested.
-3.52%
Cash On Cash
6.13%
Cap Rate
0.92
DSCR
$2,038
Rent
-$173
Cashflow
Cash Flow
$2,038 income − $2,211 expenses = $173 out of pocket
Investment Breakdown
|
Purchase Price
$195k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,950
Downpayment
20%
$39,000
Closing costs
1%
$1,950
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,038
Total Expenses
$2,211
Mortgage P&I
53%
$1,087
Property Taxes
18%
$362
Home Insurance
3%
$68
HOA
0%
$0
Property Management
12%
$245
CapEx
4%
$82
Vacancy
3%
$61
Maintenance
4%
$82
Other
11%
$224