This property looks like a bad Mid-Term investment with a projected -0.64% first-year return on $63,633 initial cash invested.
-0.64%
Cash On Cash
6.88%
Cap Rate
1.04
DSCR
$1,984
Rent
-$34
Cashflow
Cash Flow
$1,984 income − $2,018 expenses = $34 out of pocket
Investment Breakdown
|
Purchase Price
$217k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,633
Downpayment
20%
$43,460
Closing costs
1%
$2,173
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,984
Total Expenses
$2,018
Mortgage P&I
61%
$1,201
Property Taxes
3%
$66
Home Insurance
4%
$77
HOA
0%
$0
Property Management
12%
$238
CapEx
4%
$79
Vacancy
3%
$60
Maintenance
4%
$79
Other
11%
$218