This property looks like a bad Mid-Term investment with a projected -2.6% first-year return on $58,656 initial cash invested.
-2.6%
Cash On Cash
6.42%
Cap Rate
0.94
DSCR
$1,650
Rent
-$127
Cashflow
Cash Flow
$1,650 income − $1,777 expenses = $127 out of pocket
Investment Breakdown
|
Purchase Price
$194k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,656
Downpayment
20%
$38,720
Closing costs
1%
$1,936
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,650
Total Expenses
$1,777
Mortgage P&I
66%
$1,096
Property Taxes
3%
$49
Home Insurance
4%
$70
HOA
0%
$0
Property Management
12%
$198
CapEx
4%
$66
Vacancy
3%
$50
Maintenance
4%
$66
Other
11%
$182