This property looks like a bad Mid-Term investment with a projected -1.54% first-year return on $62,478 initial cash invested.
-1.54%
Cash On Cash
6.8%
Cap Rate
1.01
DSCR
$2,298
Rent
-$80
Cashflow
Cash Flow
$2,298 income − $2,378 expenses = $80 out of pocket
Investment Breakdown
|
Purchase Price
$212k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,478
Downpayment
20%
$42,360
Closing costs
1%
$2,118
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,298
Total Expenses
$2,378
Mortgage P&I
52%
$1,188
Property Taxes
14%
$333
Home Insurance
3%
$75
HOA
0%
$0
Property Management
12%
$276
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$253