This property looks like a bad Mid-Term investment with a projected -2.99% first-year return on $59,811 initial cash invested.
-2.99%
Cash On Cash
6.06%
Cap Rate
0.94
DSCR
$1,995
Rent
-$149
Cashflow
Cash Flow
$1,995 income − $2,144 expenses = $149 out of pocket
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,811
Downpayment
20%
$39,820
Closing costs
1%
$1,991
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,995
Total Expenses
$2,144
Mortgage P&I
54%
$1,074
Property Taxes
17%
$340
Home Insurance
3%
$52
HOA
0%
$0
Property Management
12%
$239
CapEx
4%
$80
Vacancy
3%
$60
Maintenance
4%
$80
Other
11%
$219