This property looks like a bad Mid-Term investment with a projected -0.31% first-year return on $62,520 initial cash invested.
-0.31%
Cash On Cash
7.14%
Cap Rate
1.06
DSCR
$2,264
Rent
-$16
Cashflow
Cash Flow
$2,264 income − $2,280 expenses = $16 out of pocket
Investment Breakdown
|
Purchase Price
$212k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,520
Downpayment
20%
$42,400
Closing costs
1%
$2,120
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,264
Total Expenses
$2,280
Mortgage P&I
52%
$1,186
Property Taxes
11%
$248
Home Insurance
3%
$75
HOA
0%
$0
Property Management
12%
$272
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$249