This property looks like a bad Mid-Term investment with a projected -0.78% first-year return on $61,239 initial cash invested.
-0.78%
Cash On Cash
6.7%
Cap Rate
1.04
DSCR
$2,044
Rent
-$40
Cashflow
Cash Flow
$2,044 income − $2,084 expenses = $40 out of pocket
Investment Breakdown
|
Purchase Price
$206k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,239
Downpayment
20%
$41,180
Closing costs
1%
$2,059
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,044
Total Expenses
$2,084
Mortgage P&I
54%
$1,108
Property Taxes
10%
$207
Home Insurance
4%
$74
HOA
0%
$0
Property Management
12%
$245
CapEx
4%
$82
Vacancy
3%
$61
Maintenance
4%
$82
Other
11%
$225