This property looks like a bad Mid-Term investment with a projected -0.45% first-year return on $58,404 initial cash invested.
-0.45%
Cash On Cash
6.92%
Cap Rate
1.05
DSCR
$1,881
Rent
-$22
Cashflow
Cash Flow
$1,881 income − $1,903 expenses = $22 out of pocket
Investment Breakdown
|
Purchase Price
$192k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,404
Downpayment
20%
$38,480
Closing costs
1%
$1,924
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,881
Total Expenses
$1,903
Mortgage P&I
56%
$1,056
Property Taxes
7%
$138
Home Insurance
4%
$70
HOA
0%
$0
Property Management
12%
$226
CapEx
4%
$75
Vacancy
3%
$56
Maintenance
4%
$75
Other
11%
$207