This property looks like a bad Mid-Term investment with a projected -4.19% first-year return on $62,205 initial cash invested.
-4.19%
Cash On Cash
5.83%
Cap Rate
0.89
DSCR
$2,128
Rent
-$217
Cashflow
Cash Flow
$2,128 income − $2,345 expenses = $217 out of pocket
Investment Breakdown
|
Purchase Price
$211k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,205
Downpayment
20%
$42,100
Closing costs
1%
$2,105
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,128
Total Expenses
$2,345
Mortgage P&I
54%
$1,155
Property Taxes
18%
$390
Home Insurance
4%
$77
HOA
0%
$0
Property Management
12%
$255
CapEx
4%
$85
Vacancy
3%
$64
Maintenance
4%
$85
Other
11%
$234