This property looks like a bad Mid-Term investment with a projected -3.37% first-year return on $58,425 initial cash invested.
-3.37%
Cash On Cash
6.07%
Cap Rate
0.91
DSCR
$1,818
Rent
-$164
Cashflow
Cash Flow
$1,818 income − $1,982 expenses = $164 out of pocket
Investment Breakdown
|
Purchase Price
$193k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,425
Downpayment
20%
$38,500
Closing costs
1%
$1,925
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,818
Total Expenses
$1,982
Mortgage P&I
59%
$1,064
Property Taxes
13%
$229
Home Insurance
4%
$70
HOA
0%
$0
Property Management
12%
$218
CapEx
4%
$73
Vacancy
3%
$55
Maintenance
4%
$73
Other
11%
$200