This property looks like a bad Mid-Term investment with a projected -2.95% first-year return on $63,549 initial cash invested.
-2.95%
Cash On Cash
6.06%
Cap Rate
0.93
DSCR
$1,827
Rent
-$156
Cashflow
Cash Flow
$1,827 income − $1,983 expenses = $156 out of pocket
Investment Breakdown
|
Purchase Price
$217k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,549
Downpayment
20%
$43,380
Closing costs
1%
$2,169
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,827
Total Expenses
$1,983
Mortgage P&I
65%
$1,179
Property Taxes
6%
$108
Home Insurance
4%
$75
HOA
0%
$0
Property Management
12%
$219
CapEx
4%
$73
Vacancy
3%
$55
Maintenance
4%
$73
Other
11%
$201