This property looks like a bad Mid-Term investment with a projected -7.02% first-year return on $63,612 initial cash invested.
-7.02%
Cash On Cash
5.09%
Cap Rate
0.75
DSCR
$1,808
Rent
-$372
Cashflow
Cash Flow
$1,808 income − $2,180 expenses = $372 out of pocket
Investment Breakdown
|
Purchase Price
$217k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,612
Downpayment
20%
$43,440
Closing costs
1%
$2,172
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,808
Total Expenses
$2,180
Mortgage P&I
68%
$1,221
Property Taxes
15%
$267
Home Insurance
4%
$78
HOA
0%
$0
Property Management
12%
$217
CapEx
4%
$72
Vacancy
3%
$54
Maintenance
4%
$72
Other
11%
$199