This property looks like a bad Mid-Term investment with a projected -1.81% first-year return on $57,795 initial cash invested.
-1.81%
Cash On Cash
6.76%
Cap Rate
1
DSCR
$2,202
Rent
-$87
Cashflow
Cash Flow
$2,202 income − $2,289 expenses = $87 out of pocket
Investment Breakdown
|
Purchase Price
$190k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,795
Downpayment
20%
$37,900
Closing costs
1%
$1,895
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,202
Total Expenses
$2,289
Mortgage P&I
48%
$1,066
Property Taxes
18%
$407
Home Insurance
3%
$68
HOA
0%
$0
Property Management
12%
$264
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$242