This property looks like a bad Mid-Term investment with a projected -1.83% first-year return on $58,929 initial cash invested.
-1.83%
Cash On Cash
6.68%
Cap Rate
0.99
DSCR
$2,040
Rent
-$90
Cashflow
Cash Flow
$2,040 income − $2,130 expenses = $90 out of pocket
Investment Breakdown
|
Purchase Price
$195k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,929
Downpayment
20%
$38,980
Closing costs
1%
$1,949
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,040
Total Expenses
$2,130
Mortgage P&I
54%
$1,093
Property Taxes
13%
$275
Home Insurance
3%
$68
HOA
0%
$0
Property Management
12%
$245
CapEx
4%
$82
Vacancy
3%
$61
Maintenance
4%
$82
Other
11%
$224