This property looks like a bad Mid-Term investment with a projected -5.35% first-year return on $58,320 initial cash invested.
-5.35%
Cash On Cash
5.33%
Cap Rate
0.81
DSCR
$1,630
Rent
-$260
Cashflow
Cash Flow
$1,630 income − $1,890 expenses = $260 out of pocket
Investment Breakdown
|
Purchase Price
$192k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,320
Downpayment
20%
$38,400
Closing costs
1%
$1,920
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,630
Total Expenses
$1,890
Mortgage P&I
64%
$1,048
Property Taxes
14%
$221
Home Insurance
4%
$67
HOA
0%
$0
Property Management
12%
$196
CapEx
4%
$65
Vacancy
3%
$49
Maintenance
4%
$65
Other
11%
$179