This property looks like a bad Mid-Term investment with a projected -3.88% first-year return on $60,336 initial cash invested.
-3.88%
Cash On Cash
5.79%
Cap Rate
0.89
DSCR
$2,004
Rent
-$195
Cashflow
Cash Flow
$2,004 income − $2,199 expenses = $195 out of pocket
Investment Breakdown
|
Purchase Price
$202k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,336
Downpayment
20%
$40,320
Closing costs
1%
$2,016
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,004
Total Expenses
$2,199
Mortgage P&I
54%
$1,088
Property Taxes
17%
$338
Home Insurance
5%
$93
HOA
0%
$0
Property Management
12%
$240
CapEx
4%
$80
Vacancy
3%
$60
Maintenance
4%
$80
Other
11%
$220