This property looks like a bad Mid-Term investment with a projected -1.75% first-year return on $59,496 initial cash invested.
-1.75%
Cash On Cash
6.58%
Cap Rate
0.99
DSCR
$2,013
Rent
-$87
Cashflow
Cash Flow
$2,013 income − $2,100 expenses = $87 out of pocket
Investment Breakdown
|
Purchase Price
$198k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,496
Downpayment
20%
$39,520
Closing costs
1%
$1,976
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,013
Total Expenses
$2,100
Mortgage P&I
54%
$1,089
Property Taxes
13%
$260
Home Insurance
3%
$66
HOA
0%
$0
Property Management
12%
$242
CapEx
4%
$81
Vacancy
3%
$60
Maintenance
4%
$81
Other
11%
$221