This property looks like a bad Mid-Term investment with a projected -1.45% first-year return on $62,100 initial cash invested.
-1.45%
Cash On Cash
6.95%
Cap Rate
1.01
DSCR
$2,218
Rent
-$75
Cashflow
Cash Flow
$2,218 income − $2,293 expenses = $75 out of pocket
Investment Breakdown
|
Purchase Price
$210k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,100
Downpayment
20%
$42,000
Closing costs
1%
$2,100
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,218
Total Expenses
$2,293
Mortgage P&I
54%
$1,203
Property Taxes
12%
$261
Home Insurance
3%
$74
HOA
0%
$0
Property Management
12%
$266
CapEx
4%
$89
Vacancy
3%
$67
Maintenance
4%
$89
Other
11%
$244