This property looks like a bad Mid-Term investment with a projected -3.26% first-year return on $63,990 initial cash invested.
-3.26%
Cash On Cash
6.37%
Cap Rate
0.93
DSCR
$2,205
Rent
-$174
Cashflow
Cash Flow
$2,205 income − $2,379 expenses = $174 out of pocket
Investment Breakdown
|
Purchase Price
$219k
Downpayment
20.0%
Interest Rate
7.7%
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
$2,205
Total Expenses
$2,379
Mortgage P&I
57%
$1,249
Property Taxes
14%
$303
Home Insurance
3%
$77
HOA
0%
$0
Property Management
12%
$265
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$243