This property looks like a bad Mid-Term investment with a projected -2.95% first-year return on $58,089 initial cash invested.
-2.95%
Cash On Cash
6.14%
Cap Rate
0.92
DSCR
$1,569
Rent
-$143
Cashflow
Cash Flow
$1,569 income − $1,712 expenses = $143 out of pocket
Investment Breakdown
|
Purchase Price
$191k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,089
Downpayment
20%
$38,180
Closing costs
1%
$1,909
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,569
Total Expenses
$1,712
Mortgage P&I
67%
$1,057
Property Taxes
3%
$53
Home Insurance
4%
$68
HOA
0%
$0
Property Management
12%
$188
CapEx
4%
$63
Vacancy
3%
$47
Maintenance
4%
$63
Other
11%
$173