This property looks like a bad Mid-Term investment with a projected -3.17% first-year return on $57,606 initial cash invested.
-3.17%
Cash On Cash
6.32%
Cap Rate
0.93
DSCR
$2,026
Rent
-$152
Cashflow
Cash Flow
$2,026 income − $2,178 expenses = $152 out of pocket
Investment Breakdown
|
Purchase Price
$189k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,606
Downpayment
20%
$37,720
Closing costs
1%
$1,886
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,026
Total Expenses
$2,178
Mortgage P&I
53%
$1,064
Property Taxes
18%
$357
Home Insurance
3%
$68
HOA
0%
$0
Property Management
12%
$243
CapEx
4%
$81
Vacancy
3%
$61
Maintenance
4%
$81
Other
11%
$223