This property looks like a bad Mid-Term investment with a projected -4.16% first-year return on $60,882 initial cash invested.
-4.16%
Cash On Cash
5.69%
Cap Rate
0.88
DSCR
$2,019
Rent
-$211
Cashflow
Cash Flow
$2,019 income − $2,230 expenses = $211 out of pocket
Investment Breakdown
|
Purchase Price
$204k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,882
Downpayment
20%
$40,840
Closing costs
1%
$2,042
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,019
Total Expenses
$2,230
Mortgage P&I
54%
$1,098
Property Taxes
18%
$371
Home Insurance
4%
$74
HOA
0%
$0
Property Management
12%
$242
CapEx
4%
$81
Vacancy
3%
$61
Maintenance
4%
$81
Other
11%
$222