This property looks like a bad Mid-Term investment with a projected -0.25% first-year return on $62,100 initial cash invested.
-0.25%
Cash On Cash
6.94%
Cap Rate
1.06
DSCR
$2,052
Rent
-$13
Cashflow
Cash Flow
$2,052 income − $2,065 expenses = $13 out of pocket
Investment Breakdown
|
Purchase Price
$210k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,100
Downpayment
20%
$42,000
Closing costs
1%
$2,100
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,052
Total Expenses
$2,065
Mortgage P&I
56%
$1,146
Property Taxes
7%
$147
Home Insurance
4%
$74
HOA
0%
$0
Property Management
12%
$246
CapEx
4%
$82
Vacancy
3%
$62
Maintenance
4%
$82
Other
11%
$226