This property looks like a bad Mid-Term investment with a projected -4.17% first-year return on $62,793 initial cash invested.
-4.17%
Cash On Cash
5.97%
Cap Rate
0.88
DSCR
$1,838
Rent
-$218
Cashflow
Cash Flow
$1,838 income − $2,056 expenses = $218 out of pocket
Investment Breakdown
|
Purchase Price
$213k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,793
Downpayment
20%
$42,660
Closing costs
1%
$2,133
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,838
Total Expenses
$2,056
Mortgage P&I
66%
$1,206
Property Taxes
8%
$147
Home Insurance
4%
$77
HOA
0%
$0
Property Management
12%
$221
CapEx
4%
$74
Vacancy
3%
$55
Maintenance
4%
$74
Other
11%
$202