This property looks like a bad Mid-Term investment with a projected -0.59% first-year return on $56,850 initial cash invested.
-0.59%
Cash On Cash
6.89%
Cap Rate
1.05
DSCR
$1,941
Rent
-$28
Cashflow
Cash Flow
$1,941 income − $1,969 expenses = $28 out of pocket
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,850
Downpayment
20%
$37,000
Closing costs
1%
$1,850
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$1,941
Total Expenses
$1,969
Mortgage P&I
52%
$1,012
Property Taxes
12%
$231
Home Insurance
3%
$65
HOA
0%
$0
Property Management
12%
$233
CapEx
4%
$78
Vacancy
3%
$58
Maintenance
4%
$78
Other
11%
$214