This property looks like a bad Mid-Term investment with a projected -1.75% first-year return on $58,362 initial cash invested.
-1.75%
Cash On Cash
6.56%
Cap Rate
1
DSCR
$2,056
Rent
-$85
Cashflow
Cash Flow
$2,056 income − $2,141 expenses = $85 out of pocket
Investment Breakdown
|
Purchase Price
$192k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,362
Downpayment
20%
$38,440
Closing costs
1%
$1,922
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,056
Total Expenses
$2,141
Mortgage P&I
51%
$1,054
Property Taxes
15%
$311
Home Insurance
4%
$77
HOA
0%
$0
Property Management
12%
$247
CapEx
4%
$82
Vacancy
3%
$62
Maintenance
4%
$82
Other
11%
$226