This property looks like a bad Mid-Term investment with a projected -1.2% first-year return on $58,908 initial cash invested.
-1.2%
Cash On Cash
6.56%
Cap Rate
1.01
DSCR
$1,719
Rent
-$59
Cashflow
Cash Flow
$1,719 income − $1,778 expenses = $59 out of pocket
Investment Breakdown
|
Purchase Price
$195k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,908
Downpayment
20%
$38,960
Closing costs
1%
$1,948
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,719
Total Expenses
$1,778
Mortgage P&I
61%
$1,055
Property Taxes
4%
$68
Home Insurance
4%
$70
HOA
0%
$0
Property Management
12%
$206
CapEx
4%
$69
Vacancy
3%
$52
Maintenance
4%
$69
Other
11%
$189