This property looks like a bad Mid-Term investment with a projected -3.21% first-year return on $59,139 initial cash invested.
-3.21%
Cash On Cash
6.12%
Cap Rate
0.92
DSCR
$1,695
Rent
-$158
Cashflow
Cash Flow
$1,695 income − $1,853 expenses = $158 out of pocket
Investment Breakdown
|
Purchase Price
$196k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,139
Downpayment
20%
$39,180
Closing costs
1%
$1,959
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,695
Total Expenses
$1,853
Mortgage P&I
64%
$1,089
Property Taxes
7%
$119
Home Insurance
4%
$69
HOA
0%
$0
Property Management
12%
$203
CapEx
4%
$68
Vacancy
3%
$51
Maintenance
4%
$68
Other
11%
$186