This property looks like a bad Mid-Term investment with a projected -4.5% first-year return on $61,050 initial cash invested.
-4.5%
Cash On Cash
5.65%
Cap Rate
0.85
DSCR
$1,539
Rent
-$229
Cashflow
Cash Flow
$1,539 income − $1,768 expenses = $229 out of pocket
Investment Breakdown
|
Purchase Price
$205k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,050
Downpayment
20%
$41,000
Closing costs
1%
$2,050
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,539
Total Expenses
$1,768
Mortgage P&I
74%
$1,133
Property Taxes
3%
$39
Home Insurance
5%
$72
HOA
0%
$0
Property Management
12%
$185
CapEx
4%
$62
Vacancy
3%
$46
Maintenance
4%
$62
Other
11%
$169