This property looks like a bad Mid-Term investment with a projected -3.91% first-year return on $63,150 initial cash invested.
-3.91%
Cash On Cash
5.75%
Cap Rate
0.88
DSCR
$1,712
Rent
-$206
Cashflow
Cash Flow
$1,712 income − $1,918 expenses = $206 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,150
Downpayment
20%
$43,000
Closing costs
1%
$2,150
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,712
Total Expenses
$1,918
Mortgage P&I
68%
$1,169
Property Taxes
5%
$94
Home Insurance
4%
$75
HOA
0%
$0
Property Management
12%
$205
CapEx
4%
$68
Vacancy
3%
$51
Maintenance
4%
$68
Other
11%
$188