This property looks like a bad Mid-Term investment with a projected -2.56% first-year return on $57,690 initial cash invested.
-2.56%
Cash On Cash
6.24%
Cap Rate
0.94
DSCR
$1,558
Rent
-$123
Cashflow
Cash Flow
$1,558 income − $1,681 expenses = $123 out of pocket
Investment Breakdown
|
Purchase Price
$189k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,690
Downpayment
20%
$37,800
Closing costs
1%
$1,890
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$1,558
Total Expenses
$1,681
Mortgage P&I
67%
$1,044
Property Taxes
3%
$42
Home Insurance
4%
$66
HOA
0%
$0
Property Management
12%
$187
CapEx
4%
$62
Vacancy
3%
$47
Maintenance
4%
$62
Other
11%
$171