This property looks like a bad Mid-Term investment with a projected -1.05% first-year return on $60,840 initial cash invested.
-1.05%
Cash On Cash
6.86%
Cap Rate
1.03
DSCR
$2,217
Rent
-$53
Cashflow
Cash Flow
$2,217 income − $2,270 expenses = $53 out of pocket
Investment Breakdown
|
Purchase Price
$204k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,840
Downpayment
20%
$40,800
Closing costs
1%
$2,040
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,217
Total Expenses
$2,270
Mortgage P&I
51%
$1,130
Property Taxes
14%
$311
Home Insurance
3%
$74
HOA
0%
$0
Property Management
12%
$266
CapEx
4%
$89
Vacancy
3%
$67
Maintenance
4%
$89
Other
11%
$244