This property looks like a bad Mid-Term investment with a projected -2.58% first-year return on $61,890 initial cash invested.
-2.58%
Cash On Cash
6.46%
Cap Rate
0.95
DSCR
$1,910
Rent
-$133
Cashflow
Cash Flow
$1,910 income − $2,043 expenses = $133 out of pocket
Investment Breakdown
|
Purchase Price
$209k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,890
Downpayment
20%
$41,800
Closing costs
1%
$2,090
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,910
Total Expenses
$2,043
Mortgage P&I
62%
$1,182
Property Taxes
7%
$140
Home Insurance
4%
$73
HOA
0%
$0
Property Management
12%
$229
CapEx
4%
$76
Vacancy
3%
$57
Maintenance
4%
$76
Other
11%
$210