This property looks like a bad Mid-Term investment with a projected -1.42% first-year return on $62,730 initial cash invested.
-1.42%
Cash On Cash
6.73%
Cap Rate
1.02
DSCR
$2,469
Rent
-$74
Cashflow
Cash Flow
$2,469 income − $2,543 expenses = $74 out of pocket
Investment Breakdown
|
Purchase Price
$213k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,730
Downpayment
20%
$42,600
Closing costs
1%
$2,130
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,469
Total Expenses
$2,543
Mortgage P&I
47%
$1,169
Property Taxes
19%
$457
Home Insurance
3%
$77
HOA
0%
$0
Property Management
12%
$296
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$272