This property looks like a bad Mid-Term investment with a projected -5.12% first-year return on $61,638 initial cash invested.
-5.12%
Cash On Cash
5.77%
Cap Rate
0.84
DSCR
$1,971
Rent
-$263
Cashflow
Cash Flow
$1,971 income − $2,234 expenses = $263 out of pocket
Investment Breakdown
|
Purchase Price
$208k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,638
Downpayment
20%
$41,560
Closing costs
1%
$2,078
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,971
Total Expenses
$2,234
Mortgage P&I
60%
$1,183
Property Taxes
17%
$327
Home Insurance
3%
$53
HOA
0%
$0
Property Management
12%
$237
CapEx
4%
$79
Vacancy
3%
$59
Maintenance
4%
$79
Other
11%
$217