This property looks like a bad Mid-Term investment with a projected -9.21% first-year return on $63,297 initial cash invested.
-9.21%
Cash On Cash
4.35%
Cap Rate
0.65
DSCR
$1,394
Rent
-$486
Cashflow
Cash Flow
$1,394 income − $1,880 expenses = $486 out of pocket
Investment Breakdown
|
Purchase Price
$216k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,297
Downpayment
20%
$43,140
Closing costs
1%
$2,157
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,394
Total Expenses
$1,880
Mortgage P&I
87%
$1,212
Property Taxes
8%
$115
Home Insurance
6%
$79
HOA
0%
$0
Property Management
12%
$167
CapEx
4%
$56
Vacancy
3%
$42
Maintenance
4%
$56
Other
11%
$153