This property looks like a bad Mid-Term investment with a projected -2.54% first-year return on $62,814 initial cash invested.
-2.54%
Cash On Cash
6.25%
Cap Rate
0.95
DSCR
$1,950
Rent
-$133
Cashflow
Cash Flow
$1,950 income − $2,083 expenses = $133 out of pocket
Investment Breakdown
|
Purchase Price
$213k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,814
Downpayment
20%
$42,680
Closing costs
1%
$2,134
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,950
Total Expenses
$2,083
Mortgage P&I
60%
$1,166
Property Taxes
9%
$178
Home Insurance
4%
$77
HOA
0%
$0
Property Management
12%
$234
CapEx
4%
$78
Vacancy
3%
$58
Maintenance
4%
$78
Other
11%
$214