This property looks like a bad Mid-Term investment with a projected -1.42% first-year return on $62,751 initial cash invested.
-1.42%
Cash On Cash
6.48%
Cap Rate
1.01
DSCR
$2,080
Rent
-$74
Cashflow
Cash Flow
$2,080 income − $2,154 expenses = $74 out of pocket
Investment Breakdown
|
Purchase Price
$213k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,751
Downpayment
20%
$42,620
Closing costs
1%
$2,131
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,080
Total Expenses
$2,154
Mortgage P&I
55%
$1,141
Property Taxes
11%
$228
Home Insurance
4%
$78
HOA
0%
$0
Property Management
12%
$250
CapEx
4%
$83
Vacancy
3%
$62
Maintenance
4%
$83
Other
11%
$229