This property looks like a bad Mid-Term investment with a projected -5.05% first-year return on $63,150 initial cash invested.
-5.05%
Cash On Cash
5.76%
Cap Rate
0.85
DSCR
$2,100
Rent
-$266
Cashflow
Cash Flow
$2,100 income − $2,366 expenses = $266 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,150
Downpayment
20%
$43,000
Closing costs
1%
$2,150
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,100
Total Expenses
$2,366
Mortgage P&I
58%
$1,214
Property Taxes
17%
$363
Home Insurance
4%
$75
HOA
0%
$0
Property Management
12%
$252
CapEx
4%
$84
Vacancy
3%
$63
Maintenance
4%
$84
Other
11%
$231