This property looks like a bad Mid-Term investment with a projected -0.74% first-year return on $61,995 initial cash invested.
-0.74%
Cash On Cash
7.04%
Cap Rate
1.04
DSCR
$2,158
Rent
-$38
Cashflow
Cash Flow
$2,158 income − $2,196 expenses = $38 out of pocket
Investment Breakdown
|
Purchase Price
$210k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,995
Downpayment
20%
$41,900
Closing costs
1%
$2,095
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,158
Total Expenses
$2,196
Mortgage P&I
55%
$1,181
Property Taxes
10%
$207
Home Insurance
3%
$75
HOA
0%
$0
Property Management
12%
$259
CapEx
4%
$86
Vacancy
3%
$65
Maintenance
4%
$86
Other
11%
$237