This property looks like a bad Mid-Term investment with a projected -1.07% first-year return on $62,814 initial cash invested.
-1.07%
Cash On Cash
6.6%
Cap Rate
1.03
DSCR
$2,150
Rent
-$56
Cashflow
Cash Flow
$2,150 income − $2,206 expenses = $56 out of pocket
Investment Breakdown
|
Purchase Price
$213k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,814
Downpayment
20%
$42,680
Closing costs
1%
$2,134
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,150
Total Expenses
$2,206
Mortgage P&I
53%
$1,143
Property Taxes
12%
$256
Home Insurance
4%
$77
HOA
0%
$0
Property Management
12%
$258
CapEx
4%
$86
Vacancy
3%
$64
Maintenance
4%
$86
Other
11%
$236