This property looks like a bad Mid-Term investment with a projected -4.74% first-year return on $64,011 initial cash invested.
-4.74%
Cash On Cash
5.88%
Cap Rate
0.87
DSCR
$2,139
Rent
-$253
Cashflow
Cash Flow
$2,139 income − $2,392 expenses = $253 out of pocket
Investment Breakdown
|
Purchase Price
$219k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,011
Downpayment
20%
$43,820
Closing costs
1%
$2,191
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,139
Total Expenses
$2,392
Mortgage P&I
58%
$1,240
Property Taxes
16%
$345
Home Insurance
4%
$79
HOA
0%
$0
Property Management
12%
$257
CapEx
4%
$86
Vacancy
3%
$64
Maintenance
4%
$86
Other
11%
$235