This property looks like a bad Mid-Term investment with a projected -0.5% first-year return on $59,790 initial cash invested.
-0.5%
Cash On Cash
6.95%
Cap Rate
1.05
DSCR
$2,001
Rent
-$25
Cashflow
Cash Flow
$2,001 income − $2,026 expenses = $25 out of pocket
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,790
Downpayment
20%
$39,800
Closing costs
1%
$1,990
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,001
Total Expenses
$2,026
Mortgage P&I
55%
$1,098
Property Taxes
9%
$178
Home Insurance
4%
$70
HOA
0%
$0
Property Management
12%
$240
CapEx
4%
$80
Vacancy
3%
$60
Maintenance
4%
$80
Other
11%
$220