This property looks like a bad Mid-Term investment with a projected -0.58% first-year return on $64,032 initial cash invested.
-0.58%
Cash On Cash
6.88%
Cap Rate
1.04
DSCR
$1,988
Rent
-$31
Cashflow
Cash Flow
$1,988 income − $2,019 expenses = $31 out of pocket
Investment Breakdown
|
Purchase Price
$219k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,032
Downpayment
20%
$43,840
Closing costs
1%
$2,192
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,988
Total Expenses
$2,019
Mortgage P&I
61%
$1,208
Property Taxes
3%
$56
Home Insurance
4%
$77
HOA
0%
$0
Property Management
12%
$239
CapEx
4%
$80
Vacancy
3%
$60
Maintenance
4%
$80
Other
11%
$219