This property looks like a bad Mid-Term investment with a projected -1.5% first-year return on $62,604 initial cash invested.
-1.5%
Cash On Cash
6.69%
Cap Rate
1.01
DSCR
$2,318
Rent
-$78
Cashflow
Cash Flow
$2,318 income − $2,396 expenses = $78 out of pocket
Investment Breakdown
|
Purchase Price
$212k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,604
Downpayment
20%
$42,480
Closing costs
1%
$2,124
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,318
Total Expenses
$2,396
Mortgage P&I
50%
$1,169
Property Taxes
16%
$364
Home Insurance
3%
$74
HOA
0%
$0
Property Management
12%
$278
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$255