This property looks like a bad Mid-Term investment with a projected -6.73% first-year return on $63,990 initial cash invested.
-6.73%
Cash On Cash
5.15%
Cap Rate
0.77
DSCR
$1,804
Rent
-$359
Cashflow
Cash Flow
$1,804 income − $2,163 expenses = $359 out of pocket
Investment Breakdown
|
Purchase Price
$219k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,990
Downpayment
20%
$43,800
Closing costs
1%
$2,190
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,804
Total Expenses
$2,163
Mortgage P&I
68%
$1,226
Property Taxes
14%
$248
Home Insurance
4%
$77
HOA
0%
$0
Property Management
12%
$216
CapEx
4%
$72
Vacancy
3%
$54
Maintenance
4%
$72
Other
11%
$198