This property looks like a bad Mid-Term investment with a projected -2.53% first-year return on $59,842 initial cash invested.
-2.53%
Cash On Cash
5.85%
Cap Rate
0.94
DSCR
$1,590
Rent
-$126
Cashflow
Cash Flow
$1,590 income − $1,716 expenses = $126 out of pocket
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,842
Downpayment
20%
$39,850
Closing costs
1%
$1,992
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,590
Total Expenses
$1,716
Mortgage P&I
65%
$1,034
Property Taxes
4%
$70
Home Insurance
4%
$70
HOA
0%
$0
Property Management
12%
$191
CapEx
4%
$64
Vacancy
3%
$48
Maintenance
4%
$64
Other
11%
$175