This property looks like a bad Mid-Term investment with a projected -3.26% first-year return on $63,990 initial cash invested.
-3.26%
Cash On Cash
6.01%
Cap Rate
0.92
DSCR
$1,938
Rent
-$174
Cashflow
Cash Flow
$1,938 income − $2,112 expenses = $174 out of pocket
Investment Breakdown
|
Purchase Price
$219k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,990
Downpayment
20%
$43,800
Closing costs
1%
$2,190
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,938
Total Expenses
$2,112
Mortgage P&I
62%
$1,192
Property Taxes
9%
$181
Home Insurance
4%
$79
HOA
0%
$0
Property Management
12%
$233
CapEx
4%
$78
Vacancy
3%
$58
Maintenance
4%
$78
Other
11%
$213