This property looks like a bad Mid-Term investment with a projected -2.09% first-year return on $56,850 initial cash invested.
-2.09%
Cash On Cash
6.57%
Cap Rate
0.98
DSCR
$2,084
Rent
-$99
Cashflow
Cash Flow
$2,084 income − $2,183 expenses = $99 out of pocket
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,850
Downpayment
20%
$37,000
Closing costs
1%
$1,850
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,084
Total Expenses
$2,183
Mortgage P&I
49%
$1,029
Property Taxes
18%
$381
Home Insurance
3%
$65
HOA
0%
$0
Property Management
12%
$250
CapEx
4%
$83
Vacancy
3%
$63
Maintenance
4%
$83
Other
11%
$229