This property looks like a bad Mid-Term investment with a projected -1.99% first-year return on $62,079 initial cash invested.
-1.99%
Cash On Cash
6.31%
Cap Rate
0.98
DSCR
$1,916
Rent
-$103
Cashflow
Cash Flow
$1,916 income − $2,019 expenses = $103 out of pocket
Investment Breakdown
|
Purchase Price
$210k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,079
Downpayment
20%
$41,980
Closing costs
1%
$2,099
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,916
Total Expenses
$2,019
Mortgage P&I
59%
$1,130
Property Taxes
9%
$163
Home Insurance
4%
$74
HOA
0%
$0
Property Management
12%
$230
CapEx
4%
$77
Vacancy
3%
$57
Maintenance
4%
$77
Other
11%
$211