This property looks like a bad Mid-Term investment with a projected -3.18% first-year return on $57,690 initial cash invested.
-3.18%
Cash On Cash
6.07%
Cap Rate
0.91
DSCR
$1,526
Rent
-$153
Cashflow
Cash Flow
$1,526 income − $1,679 expenses = $153 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
$1,526
Total Expenses
$1,679
Mortgage P&I
69%
$1,048
Property Taxes
3%
$46
Home Insurance
4%
$66
HOA
0%
$0
Property Management
12%
$183
CapEx
4%
$61
Vacancy
3%
$46
Maintenance
4%
$61
Other
11%
$168