This property looks like a bad Mid-Term investment with a projected -5.13% first-year return on $61,008 initial cash invested.
-5.13%
Cash On Cash
5.48%
Cap Rate
0.84
DSCR
$1,944
Rent
-$261
Cashflow
Cash Flow
$1,944 income − $2,205 expenses = $261 out of pocket
Investment Breakdown
|
Purchase Price
$205k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,008
Downpayment
20%
$40,960
Closing costs
1%
$2,048
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,944
Total Expenses
$2,205
Mortgage P&I
58%
$1,119
Property Taxes
18%
$350
Home Insurance
4%
$75
HOA
0%
$0
Property Management
12%
$233
CapEx
4%
$78
Vacancy
3%
$58
Maintenance
4%
$78
Other
11%
$214