This property looks like a bad Mid-Term investment with a projected -0.77% first-year return on $57,690 initial cash invested.
-0.77%
Cash On Cash
6.96%
Cap Rate
1.03
DSCR
$1,797
Rent
-$37
Cashflow
Cash Flow
$1,797 income − $1,834 expenses = $37 out of pocket
Investment Breakdown
|
Purchase Price
$189k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,690
Downpayment
20%
$37,800
Closing costs
1%
$1,890
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$1,797
Total Expenses
$1,834
Mortgage P&I
59%
$1,061
Property Taxes
5%
$95
Home Insurance
4%
$66
HOA
0%
$0
Property Management
12%
$216
CapEx
4%
$72
Vacancy
3%
$54
Maintenance
4%
$72
Other
11%
$198