This property looks like a bad Mid-Term investment with a projected -2.11% first-year return on $59,790 initial cash invested.
-2.11%
Cash On Cash
6.5%
Cap Rate
0.98
DSCR
$2,034
Rent
-$105
Cashflow
Cash Flow
$2,034 income − $2,139 expenses = $105 out of pocket
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,790
Downpayment
20%
$39,800
Closing costs
1%
$1,990
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,034
Total Expenses
$2,139
Mortgage P&I
54%
$1,102
Property Taxes
14%
$276
Home Insurance
3%
$70
HOA
0%
$0
Property Management
12%
$244
CapEx
4%
$81
Vacancy
3%
$61
Maintenance
4%
$81
Other
11%
$224