This property looks like a bad Mid-Term investment with a projected -5.13% first-year return on $61,050 initial cash invested.
-5.13%
Cash On Cash
5.68%
Cap Rate
0.84
DSCR
$1,986
Rent
-$261
Cashflow
Cash Flow
$1,986 income − $2,247 expenses = $261 out of pocket
Investment Breakdown
|
Purchase Price
$205k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,986
Total Expenses
$2,247
Mortgage P&I
58%
$1,152
Property Taxes
18%
$349
Home Insurance
4%
$72
HOA
0%
$0
Property Management
12%
$238
CapEx
4%
$79
Vacancy
3%
$60
Maintenance
4%
$79
Other
11%
$218