This property looks like a bad Mid-Term investment with a projected 0% first-year return on $63,969 initial cash invested.
0%
Cash On Cash
6.87%
Cap Rate
1.07
DSCR
$1,978
Rent
$0
Cashflow
Cash Flow
$1,978 income − $1,978 expenses = $0 cash flow
Investment Breakdown
|
Purchase Price
$219k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,969
Downpayment
20%
$43,780
Closing costs
1%
$2,189
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,978
Total Expenses
$1,978
Mortgage P&I
59%
$1,175
Property Taxes
3%
$52
Home Insurance
4%
$79
HOA
0%
$0
Property Management
12%
$237
CapEx
4%
$79
Vacancy
3%
$59
Maintenance
4%
$79
Other
11%
$218