This property looks like a bad Mid-Term investment with a projected -1.23% first-year return on $59,370 initial cash invested.
-1.23%
Cash On Cash
6.54%
Cap Rate
1.01
DSCR
$1,713
Rent
-$61
Cashflow
Cash Flow
$1,713 income − $1,774 expenses = $61 out of pocket
Investment Breakdown
|
Purchase Price
$197k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,370
Downpayment
20%
$39,400
Closing costs
1%
$1,970
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,713
Total Expenses
$1,774
Mortgage P&I
62%
$1,065
Property Taxes
3%
$57
Home Insurance
4%
$69
HOA
0%
$0
Property Management
12%
$206
CapEx
4%
$69
Vacancy
3%
$51
Maintenance
4%
$69
Other
11%
$188