This property looks like a bad Mid-Term investment with a projected -1.17% first-year return on $62,457 initial cash invested.
-1.17%
Cash On Cash
6.3%
Cap Rate
1.01
DSCR
$1,864
Rent
-$61
Cashflow
Cash Flow
$1,864 income − $1,925 expenses = $61 out of pocket
Investment Breakdown
|
Purchase Price
$212k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,457
Downpayment
20%
$42,340
Closing costs
1%
$2,117
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,864
Total Expenses
$1,925
Mortgage P&I
59%
$1,098
Property Taxes
6%
$116
Home Insurance
4%
$76
HOA
0%
$0
Property Management
12%
$224
CapEx
4%
$75
Vacancy
3%
$56
Maintenance
4%
$75
Other
11%
$205