This property looks like a bad Mid-Term investment with a projected -5.8% first-year return on $56,514 initial cash invested.
-5.8%
Cash On Cash
5.63%
Cap Rate
0.83
DSCR
$2,379
Rent
-$273
Cashflow
Cash Flow
$2,379 income − $2,652 expenses = $273 out of pocket
Investment Breakdown
|
Purchase Price
$183k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,514
Downpayment
20%
$36,680
Closing costs
1%
$1,834
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,379
Total Expenses
$2,652
Mortgage P&I
44%
$1,038
Property Taxes
31%
$741
Home Insurance
3%
$65
HOA
0%
$0
Property Management
12%
$285
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$262