This property looks like a bad Mid-Term investment with a projected -1.1% first-year return on $61,050 initial cash invested.
-1.1%
Cash On Cash
6.86%
Cap Rate
1.02
DSCR
$1,900
Rent
-$56
Cashflow
Cash Flow
$1,900 income − $1,956 expenses = $56 out of pocket
Investment Breakdown
|
Purchase Price
$205k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,050
Downpayment
20%
$41,000
Closing costs
1%
$2,050
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,900
Total Expenses
$1,956
Mortgage P&I
61%
$1,152
Property Taxes
5%
$86
Home Insurance
4%
$72
HOA
0%
$0
Property Management
12%
$228
CapEx
4%
$76
Vacancy
3%
$57
Maintenance
4%
$76
Other
11%
$209