This property looks like a bad Mid-Term investment with a projected -4.17% first-year return on $62,100 initial cash invested.
-4.17%
Cash On Cash
5.95%
Cap Rate
0.88
DSCR
$1,870
Rent
-$216
Cashflow
Cash Flow
$1,870 income − $2,086 expenses = $216 out of pocket
Investment Breakdown
|
Purchase Price
$210k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,100
Downpayment
20%
$42,000
Closing costs
1%
$2,100
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,870
Total Expenses
$2,086
Mortgage P&I
63%
$1,182
Property Taxes
10%
$194
Home Insurance
4%
$74
HOA
0%
$0
Property Management
12%
$224
CapEx
4%
$75
Vacancy
3%
$56
Maintenance
4%
$75
Other
11%
$206