This property looks like a bad Mid-Term investment with a projected -2.93% first-year return on $58,530 initial cash invested.
-2.93%
Cash On Cash
6.18%
Cap Rate
0.94
DSCR
$2,097
Rent
-$143
Cashflow
Cash Flow
$2,097 income − $2,240 expenses = $143 out of pocket
Investment Breakdown
|
Purchase Price
$193k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,530
Downpayment
20%
$38,600
Closing costs
1%
$1,930
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,097
Total Expenses
$2,240
Mortgage P&I
50%
$1,053
Property Taxes
23%
$473
Home Insurance
0%
$0
HOA
0%
$0
Property Management
12%
$252
CapEx
4%
$84
Vacancy
3%
$63
Maintenance
4%
$84
Other
11%
$231