This property looks like a bad Mid-Term investment with a projected -1.26% first-year return on $58,950 initial cash invested.
-1.26%
Cash On Cash
6.65%
Cap Rate
1.02
DSCR
$2,082
Rent
-$62
Cashflow
Cash Flow
$2,082 income − $2,144 expenses = $62 out of pocket
Investment Breakdown
|
Purchase Price
$195k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,082
Total Expenses
$2,144
Mortgage P&I
51%
$1,060
Property Taxes
15%
$309
Home Insurance
3%
$68
HOA
0%
$0
Property Management
12%
$250
CapEx
4%
$83
Vacancy
3%
$62
Maintenance
4%
$83
Other
11%
$229