This property looks like a bad Mid-Term investment with a projected -0.75% first-year return on $60,882 initial cash invested.
-0.75%
Cash On Cash
6.66%
Cap Rate
1.05
DSCR
$2,266
Rent
-$38
Cashflow
Cash Flow
$2,266 income − $2,304 expenses = $38 out of pocket
Investment Breakdown
|
Purchase Price
$204k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,882
Downpayment
20%
$40,840
Closing costs
1%
$2,042
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,266
Total Expenses
$2,304
Mortgage P&I
48%
$1,081
Property Taxes
17%
$379
Home Insurance
3%
$73
HOA
0%
$0
Property Management
12%
$272
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$249