This property looks like a bad Mid-Term investment with a projected -3.12% first-year return on $61,932 initial cash invested.
-3.12%
Cash On Cash
6.14%
Cap Rate
0.93
DSCR
$1,905
Rent
-$161
Cashflow
Cash Flow
$1,905 income − $2,066 expenses = $161 out of pocket
Investment Breakdown
|
Purchase Price
$209k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,932
Downpayment
20%
$41,840
Closing costs
1%
$2,092
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,905
Total Expenses
$2,066
Mortgage P&I
61%
$1,155
Property Taxes
9%
$165
Home Insurance
5%
$98
HOA
0%
$0
Property Management
12%
$229
CapEx
4%
$76
Vacancy
3%
$57
Maintenance
4%
$76
Other
11%
$210