This property looks like a bad Mid-Term investment with a projected -1.85% first-year return on $61,050 initial cash invested.
-1.85%
Cash On Cash
6.39%
Cap Rate
0.98
DSCR
$1,728
Rent
-$94
Cashflow
Cash Flow
$1,728 income − $1,822 expenses = $94 out of pocket
Investment Breakdown
|
Purchase Price
$205k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,050
Downpayment
20%
$41,000
Closing costs
1%
$2,050
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,728
Total Expenses
$1,822
Mortgage P&I
65%
$1,116
Property Taxes
3%
$47
Home Insurance
4%
$72
HOA
0%
$0
Property Management
12%
$207
CapEx
4%
$69
Vacancy
3%
$52
Maintenance
4%
$69
Other
11%
$190