This property looks like a bad Mid-Term investment with a projected -2.16% first-year return on $57,102 initial cash invested.
-2.16%
Cash On Cash
6.55%
Cap Rate
0.97
DSCR
$1,688
Rent
-$103
Cashflow
Cash Flow
$1,688 income − $1,791 expenses = $103 out of pocket
Investment Breakdown
|
Purchase Price
$186k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,102
Downpayment
20%
$37,240
Closing costs
1%
$1,862
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$1,688
Total Expenses
$1,791
Mortgage P&I
62%
$1,052
Property Taxes
6%
$97
Home Insurance
4%
$66
HOA
0%
$0
Property Management
12%
$203
CapEx
4%
$68
Vacancy
3%
$51
Maintenance
4%
$68
Other
11%
$186