This property looks like a bad Mid-Term investment with a projected -0.41% first-year return on $58,950 initial cash invested.
-0.41%
Cash On Cash
6.92%
Cap Rate
1.06
DSCR
$2,060
Rent
-$20
Cashflow
Cash Flow
$2,060 income − $2,080 expenses = $20 out of pocket
Investment Breakdown
|
Purchase Price
$195k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,950
Downpayment
20%
$39,000
Closing costs
1%
$1,950
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,060
Total Expenses
$2,080
Mortgage P&I
52%
$1,062
Property Taxes
12%
$250
Home Insurance
3%
$68
HOA
0%
$0
Property Management
12%
$247
CapEx
4%
$82
Vacancy
3%
$62
Maintenance
4%
$82
Other
11%
$227