This property looks like a bad Mid-Term investment with a projected -0.13% first-year return on $56,913 initial cash invested.
-0.13%
Cash On Cash
6.99%
Cap Rate
1.07
DSCR
$1,803
Rent
-$6
Cashflow
Cash Flow
$1,803 income − $1,809 expenses = $6 out of pocket
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,913
Downpayment
20%
$37,060
Closing costs
1%
$1,853
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$1,803
Total Expenses
$1,809
Mortgage P&I
56%
$1,013
Property Taxes
7%
$118
Home Insurance
4%
$66
HOA
0%
$0
Property Management
12%
$216
CapEx
4%
$72
Vacancy
3%
$54
Maintenance
4%
$72
Other
11%
$198