This property looks like a bad Mid-Term investment with a projected -0.84% first-year return on $59,832 initial cash invested.
-0.84%
Cash On Cash
6.68%
Cap Rate
1.03
DSCR
$1,828
Rent
-$42
Cashflow
Cash Flow
$1,828 income − $1,870 expenses = $42 out of pocket
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,832
Downpayment
20%
$39,840
Closing costs
1%
$1,992
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,828
Total Expenses
$1,870
Mortgage P&I
59%
$1,078
Property Taxes
5%
$99
Home Insurance
4%
$72
HOA
0%
$0
Property Management
12%
$219
CapEx
4%
$73
Vacancy
3%
$55
Maintenance
4%
$73
Other
11%
$201