This property looks like a bad Mid-Term investment with a projected -3.15% first-year return on $63,150 initial cash invested.
-3.15%
Cash On Cash
5.89%
Cap Rate
0.91
DSCR
$1,670
Rent
-$166
Cashflow
Cash Flow
$1,670 income − $1,836 expenses = $166 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,150
Downpayment
20%
$43,000
Closing costs
1%
$2,150
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,670
Total Expenses
$1,836
Mortgage P&I
69%
$1,154
Property Taxes
2%
$39
Home Insurance
4%
$75
HOA
0%
$0
Property Management
12%
$200
CapEx
4%
$67
Vacancy
3%
$50
Maintenance
4%
$67
Other
11%
$184