This property looks like a bad Mid-Term investment with a projected -2.09% first-year return on $63,150 initial cash invested.
-2.09%
Cash On Cash
6.46%
Cap Rate
0.98
DSCR
$2,290
Rent
-$110
Cashflow
Cash Flow
$2,290 income − $2,400 expenses = $110 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,150
Downpayment
20%
$43,000
Closing costs
1%
$2,150
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,290
Total Expenses
$2,400
Mortgage P&I
51%
$1,176
Property Taxes
16%
$369
Home Insurance
3%
$75
HOA
0%
$0
Property Management
12%
$275
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$252