This property looks like a bad Mid-Term investment with a projected -5.8% first-year return on $61,680 initial cash invested.
-5.8%
Cash On Cash
5.08%
Cap Rate
0.8
DSCR
$1,958
Rent
-$298
Cashflow
Cash Flow
$1,958 income − $2,256 expenses = $298 out of pocket
Investment Breakdown
|
Purchase Price
$208k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,680
Downpayment
20%
$41,600
Closing costs
1%
$2,080
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,958
Total Expenses
$2,256
Mortgage P&I
56%
$1,101
Property Taxes
21%
$417
Home Insurance
4%
$73
HOA
0%
$0
Property Management
12%
$235
CapEx
4%
$78
Vacancy
3%
$59
Maintenance
4%
$78
Other
11%
$215