This property looks like a bad Mid-Term investment with a projected -1.49% first-year return on $61,050 initial cash invested.
-1.49%
Cash On Cash
6.68%
Cap Rate
1.01
DSCR
$2,217
Rent
-$76
Cashflow
Cash Flow
$2,217 income − $2,293 expenses = $76 out of pocket
Investment Breakdown
|
Purchase Price
$205k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,050
Downpayment
20%
$41,000
Closing costs
1%
$2,050
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,217
Total Expenses
$2,293
Mortgage P&I
51%
$1,128
Property Taxes
15%
$338
Home Insurance
3%
$72
HOA
0%
$0
Property Management
12%
$266
CapEx
4%
$89
Vacancy
3%
$67
Maintenance
4%
$89
Other
11%
$244