This property looks like a bad Mid-Term investment with a projected -3.38% first-year return on $62,100 initial cash invested.
-3.38%
Cash On Cash
5.83%
Cap Rate
0.9
DSCR
$1,593
Rent
-$175
Cashflow
Cash Flow
$1,593 income − $1,768 expenses = $175 out of pocket
Investment Breakdown
|
Purchase Price
$210k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,100
Downpayment
20%
$42,000
Closing costs
1%
$2,100
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,593
Total Expenses
$1,768
Mortgage P&I
71%
$1,131
Property Taxes
1%
$21
Home Insurance
5%
$74
HOA
0%
$0
Property Management
12%
$191
CapEx
4%
$64
Vacancy
3%
$48
Maintenance
4%
$64
Other
11%
$175