This property looks like a bad Mid-Term investment with a projected -5.19% first-year return on $63,150 initial cash invested.
-5.19%
Cash On Cash
5.61%
Cap Rate
0.84
DSCR
$1,923
Rent
-$273
Cashflow
Cash Flow
$1,923 income − $2,196 expenses = $273 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,150
Downpayment
20%
$43,000
Closing costs
1%
$2,150
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,923
Total Expenses
$2,196
Mortgage P&I
62%
$1,201
Property Taxes
14%
$265
Home Insurance
4%
$75
HOA
0%
$0
Property Management
12%
$231
CapEx
4%
$77
Vacancy
3%
$58
Maintenance
4%
$77
Other
11%
$212