This property looks like a bad Mid-Term investment with a projected -0.42% first-year return on $57,375 initial cash invested.
-0.42%
Cash On Cash
6.78%
Cap Rate
1.06
DSCR
$1,911
Rent
-$20
Cashflow
Cash Flow
$1,911 income − $1,931 expenses = $20 out of pocket
Investment Breakdown
|
Purchase Price
$188k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,375
Downpayment
20%
$37,500
Closing costs
1%
$1,875
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$1,911
Total Expenses
$1,931
Mortgage P&I
53%
$1,004
Property Taxes
11%
$213
Home Insurance
3%
$66
HOA
0%
$0
Property Management
12%
$229
CapEx
4%
$76
Vacancy
3%
$57
Maintenance
4%
$76
Other
11%
$210