This property looks like a bad Mid-Term investment with a projected -0.38% first-year return on $62,835 initial cash invested.
-0.38%
Cash On Cash
6.85%
Cap Rate
1.06
DSCR
$2,132
Rent
-$20
Cashflow
Cash Flow
$2,132 income − $2,152 expenses = $20 out of pocket
Investment Breakdown
|
Purchase Price
$214k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,835
Downpayment
20%
$42,700
Closing costs
1%
$2,135
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,132
Total Expenses
$2,152
Mortgage P&I
54%
$1,154
Property Taxes
9%
$196
Home Insurance
4%
$77
HOA
0%
$0
Property Management
12%
$256
CapEx
4%
$85
Vacancy
3%
$64
Maintenance
4%
$85
Other
11%
$235