This property looks like a bad Mid-Term investment with a projected -3.57% first-year return on $63,255 initial cash invested.
-3.57%
Cash On Cash
5.86%
Cap Rate
0.91
DSCR
$1,988
Rent
-$188
Cashflow
Cash Flow
$1,988 income − $2,176 expenses = $188 out of pocket
Investment Breakdown
|
Purchase Price
$216k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,255
Downpayment
20%
$43,100
Closing costs
1%
$2,155
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,988
Total Expenses
$2,176
Mortgage P&I
58%
$1,161
Property Taxes
13%
$260
Home Insurance
4%
$77
HOA
0%
$0
Property Management
12%
$239
CapEx
4%
$80
Vacancy
3%
$60
Maintenance
4%
$80
Other
11%
$219