This property looks like a bad Mid-Term investment with a projected -5.11% first-year return on $59,223 initial cash invested.
-5.11%
Cash On Cash
5.53%
Cap Rate
0.85
DSCR
$2,169
Rent
-$252
Cashflow
Cash Flow
$2,169 income − $2,421 expenses = $252 out of pocket
Investment Breakdown
|
Purchase Price
$196k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,223
Downpayment
20%
$39,260
Closing costs
1%
$1,963
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,169
Total Expenses
$2,421
Mortgage P&I
49%
$1,070
Property Taxes
25%
$550
Home Insurance
3%
$63
HOA
0%
$0
Property Management
12%
$260
CapEx
4%
$87
Vacancy
3%
$65
Maintenance
4%
$87
Other
11%
$239