This property looks like a bad Mid-Term investment with a projected -5.27% first-year return on $60,378 initial cash invested.
-5.27%
Cash On Cash
5.6%
Cap Rate
0.83
DSCR
$1,944
Rent
-$265
Cashflow
Cash Flow
$1,944 income − $2,209 expenses = $265 out of pocket
Investment Breakdown
|
Purchase Price
$202k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,378
Downpayment
20%
$40,360
Closing costs
1%
$2,018
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,944
Total Expenses
$2,209
Mortgage P&I
58%
$1,129
Property Taxes
18%
$346
Home Insurance
4%
$73
HOA
0%
$0
Property Management
12%
$233
CapEx
4%
$78
Vacancy
3%
$58
Maintenance
4%
$78
Other
11%
$214