This property looks like a bad Mid-Term investment with a projected -3.03% first-year return on $58,656 initial cash invested.
-3.03%
Cash On Cash
5.88%
Cap Rate
0.91
DSCR
$1,485
Rent
-$148
Cashflow
Cash Flow
$1,485 income − $1,633 expenses = $148 out of pocket
Investment Breakdown
|
Purchase Price
$194k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,656
Downpayment
20%
$38,720
Closing costs
1%
$1,936
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,485
Total Expenses
$1,633
Mortgage P&I
70%
$1,037
Property Taxes
1%
$22
Home Insurance
5%
$70
HOA
0%
$0
Property Management
12%
$178
CapEx
4%
$59
Vacancy
3%
$45
Maintenance
4%
$59
Other
11%
$163