This property looks like a bad Mid-Term investment with a projected -3.18% first-year return on $60,462 initial cash invested.
-3.18%
Cash On Cash
6.36%
Cap Rate
0.93
DSCR
$2,115
Rent
-$160
Cashflow
Cash Flow
$2,115 income − $2,275 expenses = $160 out of pocket
Investment Breakdown
|
Purchase Price
$202k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,462
Downpayment
20%
$40,440
Closing costs
1%
$2,022
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,115
Total Expenses
$2,275
Mortgage P&I
54%
$1,147
Property Taxes
16%
$338
Home Insurance
3%
$70
HOA
0%
$0
Property Management
12%
$254
CapEx
4%
$85
Vacancy
3%
$63
Maintenance
4%
$85
Other
11%
$233