This property looks like a bad Mid-Term investment with a projected -0.75% first-year return on $62,100 initial cash invested.
-0.75%
Cash On Cash
6.83%
Cap Rate
1.04
DSCR
$2,246
Rent
-$39
Cashflow
Cash Flow
$2,246 income − $2,285 expenses = $39 out of pocket
Investment Breakdown
|
Purchase Price
$210k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,100
Downpayment
20%
$42,000
Closing costs
1%
$2,100
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,246
Total Expenses
$2,285
Mortgage P&I
51%
$1,144
Property Taxes
13%
$303
Home Insurance
3%
$74
HOA
0%
$0
Property Management
12%
$270
CapEx
4%
$90
Vacancy
3%
$67
Maintenance
4%
$90
Other
11%
$247