This property looks like a bad Mid-Term investment with a projected -2.07% first-year return on $59,832 initial cash invested.
-2.07%
Cash On Cash
6.19%
Cap Rate
0.97
DSCR
$1,698
Rent
-$103
Cashflow
Cash Flow
$1,698 income − $1,801 expenses = $103 out of pocket
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,832
Downpayment
20%
$39,840
Closing costs
1%
$1,992
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,698
Total Expenses
$1,801
Mortgage P&I
63%
$1,062
Property Taxes
5%
$91
Home Insurance
4%
$70
HOA
0%
$0
Property Management
12%
$204
CapEx
4%
$68
Vacancy
3%
$51
Maintenance
4%
$68
Other
11%
$187