This property looks like a bad Mid-Term investment with a projected -3.96% first-year return on $57,900 initial cash invested.
-3.96%
Cash On Cash
5.91%
Cap Rate
0.88
DSCR
$1,548
Rent
-$191
Cashflow
Cash Flow
$1,548 income − $1,739 expenses = $191 out of pocket
Investment Breakdown
|
Purchase Price
$190k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,900
Downpayment
20%
$38,000
Closing costs
1%
$1,900
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,548
Total Expenses
$1,739
Mortgage P&I
69%
$1,065
Property Taxes
5%
$82
Home Insurance
4%
$66
HOA
0%
$0
Property Management
12%
$186
CapEx
4%
$62
Vacancy
3%
$46
Maintenance
4%
$62
Other
11%
$170