This property looks like a bad Mid-Term investment with a projected -7.52% first-year return on $62,583 initial cash invested.
-7.52%
Cash On Cash
4.64%
Cap Rate
0.72
DSCR
$1,738
Rent
-$392
Cashflow
Cash Flow
$1,738 income − $2,130 expenses = $392 out of pocket
Investment Breakdown
|
Purchase Price
$212k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,583
Downpayment
20%
$42,460
Closing costs
1%
$2,123
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,738
Total Expenses
$2,130
Mortgage P&I
66%
$1,143
Property Taxes
18%
$320
Home Insurance
4%
$75
HOA
0%
$0
Property Management
12%
$209
CapEx
4%
$70
Vacancy
3%
$52
Maintenance
4%
$70
Other
11%
$191