This property looks like a bad Mid-Term investment with a projected -8.72% first-year return on $40,197 initial cash invested.
-8.72%
Cash On Cash
3.89%
Cap Rate
0.61
DSCR
$1,804
Rent
-$292
Cashflow
Cash Flow
$1,804 income − $2,096 expenses = $292 out of pocket
Investment Breakdown
|
Purchase Price
$106k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$40,197
Downpayment
20%
$21,140
Closing costs
1%
$1,057
Rehab
0%
$0
Furnishing
17%
$18,000
Cashflow
Total Income
$1,804
Total Expenses
$2,096
Mortgage P&I
31%
$563
Property Taxes
43%
$772
Home Insurance
8%
$149
HOA
0%
$0
Property Management
12%
$216
CapEx
4%
$72
Vacancy
3%
$54
Maintenance
4%
$72
Other
11%
$198