This property looks like a bad Mid-Term investment with a projected -0.58% first-year return on $59,580 initial cash invested.
-0.58%
Cash On Cash
7.12%
Cap Rate
1.05
DSCR
$2,072
Rent
-$29
Cashflow
Cash Flow
$2,072 income − $2,101 expenses = $29 out of pocket
Investment Breakdown
|
Purchase Price
$198k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,580
Downpayment
20%
$39,600
Closing costs
1%
$1,980
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,072
Total Expenses
$2,101
Mortgage P&I
54%
$1,121
Property Taxes
10%
$206
Home Insurance
3%
$69
HOA
0%
$0
Property Management
12%
$249
CapEx
4%
$83
Vacancy
3%
$62
Maintenance
4%
$83
Other
11%
$228