This property looks like a bad Mid-Term investment with a projected -3.31% first-year return on $62,079 initial cash invested.
-3.31%
Cash On Cash
6.11%
Cap Rate
0.92
DSCR
$1,798
Rent
-$171
Cashflow
Cash Flow
$1,798 income − $1,969 expenses = $171 out of pocket
Investment Breakdown
|
Purchase Price
$210k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,079
Downpayment
20%
$41,980
Closing costs
1%
$2,099
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,798
Total Expenses
$1,969
Mortgage P&I
65%
$1,168
Property Taxes
6%
$115
Home Insurance
4%
$74
HOA
0%
$0
Property Management
12%
$216
CapEx
4%
$72
Vacancy
3%
$54
Maintenance
4%
$72
Other
11%
$198