This property looks like a bad Mid-Term investment with a projected -2.16% first-year return on $59,496 initial cash invested.
-2.16%
Cash On Cash
6.06%
Cap Rate
0.96
DSCR
$1,545
Rent
-$107
Cashflow
Cash Flow
$1,545 income − $1,652 expenses = $107 out of pocket
Investment Breakdown
|
Purchase Price
$198k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,496
Downpayment
20%
$39,520
Closing costs
1%
$1,976
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,545
Total Expenses
$1,652
Mortgage P&I
68%
$1,043
Property Taxes
2%
$28
Home Insurance
4%
$56
HOA
0%
$0
Property Management
12%
$185
CapEx
4%
$62
Vacancy
3%
$46
Maintenance
4%
$62
Other
11%
$170