This property looks like a bad Mid-Term investment with a projected -0.95% first-year return on $61,932 initial cash invested.
-0.95%
Cash On Cash
6.99%
Cap Rate
1.02
DSCR
$1,914
Rent
-$49
Cashflow
Cash Flow
$1,914 income − $1,963 expenses = $49 out of pocket
Investment Breakdown
|
Purchase Price
$209k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,932
Downpayment
20%
$41,840
Closing costs
1%
$2,092
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,914
Total Expenses
$1,963
Mortgage P&I
62%
$1,191
Property Taxes
2%
$45
Home Insurance
4%
$75
HOA
0%
$0
Property Management
12%
$230
CapEx
4%
$77
Vacancy
3%
$57
Maintenance
4%
$77
Other
11%
$211