This property looks like a bad Mid-Term investment with a projected -3.56% first-year return on $63,360 initial cash invested.
-3.56%
Cash On Cash
5.94%
Cap Rate
0.9
DSCR
$1,682
Rent
-$188
Cashflow
Cash Flow
$1,682 income − $1,870 expenses = $188 out of pocket
Investment Breakdown
|
Purchase Price
$216k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,360
Downpayment
20%
$43,200
Closing costs
1%
$2,160
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,682
Total Expenses
$1,870
Mortgage P&I
71%
$1,190
Property Taxes
2%
$33
Home Insurance
5%
$76
HOA
0%
$0
Property Management
12%
$202
CapEx
4%
$67
Vacancy
3%
$50
Maintenance
4%
$67
Other
11%
$185