This property looks like a bad Mid-Term investment with a projected -11.37% first-year return on $63,213 initial cash invested.
-11.37%
Cash On Cash
3.7%
Cap Rate
0.55
DSCR
$1,287
Rent
-$599
Cashflow
Cash Flow
$1,287 income − $1,886 expenses = $599 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,213
Downpayment
20%
$43,060
Closing costs
1%
$2,153
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,287
Total Expenses
$1,886
Mortgage P&I
94%
$1,212
Property Taxes
12%
$160
Home Insurance
6%
$77
HOA
0%
$0
Property Management
12%
$154
CapEx
4%
$51
Vacancy
3%
$39
Maintenance
4%
$51
Other
11%
$142