This property looks like a bad Mid-Term investment with a projected -3.28% first-year return on $61,113 initial cash invested.
-3.28%
Cash On Cash
5.94%
Cap Rate
0.91
DSCR
$1,713
Rent
-$167
Cashflow
Cash Flow
$1,713 income − $1,880 expenses = $167 out of pocket
Investment Breakdown
|
Purchase Price
$205k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,113
Downpayment
20%
$41,060
Closing costs
1%
$2,053
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,713
Total Expenses
$1,880
Mortgage P&I
65%
$1,114
Property Taxes
7%
$113
Home Insurance
4%
$70
HOA
0%
$0
Property Management
12%
$206
CapEx
4%
$69
Vacancy
3%
$51
Maintenance
4%
$69
Other
11%
$188