This property looks like a bad Mid-Term investment with a projected -1.34% first-year return on $61,050 initial cash invested.
-1.34%
Cash On Cash
6.66%
Cap Rate
1
DSCR
$1,820
Rent
-$68
Cashflow
Cash Flow
$1,820 income − $1,888 expenses = $68 out of pocket
Investment Breakdown
|
Purchase Price
$205k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,050
Downpayment
20%
$41,000
Closing costs
1%
$2,050
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,820
Total Expenses
$1,888
Mortgage P&I
62%
$1,133
Property Taxes
4%
$64
Home Insurance
4%
$72
HOA
0%
$0
Property Management
12%
$218
CapEx
4%
$73
Vacancy
3%
$55
Maintenance
4%
$73
Other
11%
$200