This property looks like a bad Mid-Term investment with a projected -2.39% first-year return on $56,766 initial cash invested.
-2.39%
Cash On Cash
6.26%
Cap Rate
0.96
DSCR
$1,878
Rent
-$113
Cashflow
Cash Flow
$1,878 income − $1,991 expenses = $113 out of pocket
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,766
Downpayment
20%
$36,920
Closing costs
1%
$1,846
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$1,878
Total Expenses
$1,991
Mortgage P&I
53%
$1,001
Property Taxes
15%
$286
Home Insurance
4%
$66
HOA
0%
$0
Property Management
12%
$225
CapEx
4%
$75
Vacancy
3%
$56
Maintenance
4%
$75
Other
11%
$207