This property looks like a bad Mid-Term investment with a projected -0.08% first-year return on $59,790 initial cash invested.
-0.08%
Cash On Cash
7.04%
Cap Rate
1.08
DSCR
$2,211
Rent
-$4
Cashflow
Cash Flow
$2,211 income − $2,215 expenses = $4 out of pocket
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,790
Downpayment
20%
$39,800
Closing costs
1%
$1,990
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,211
Total Expenses
$2,215
Mortgage P&I
49%
$1,083
Property Taxes
14%
$312
Home Insurance
3%
$70
HOA
0%
$0
Property Management
12%
$265
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$243