This property looks like a bad Mid-Term investment with a projected -0.62% first-year return on $59,769 initial cash invested.
-0.62%
Cash On Cash
7.01%
Cap Rate
1.04
DSCR
$1,941
Rent
-$31
Cashflow
Cash Flow
$1,941 income − $1,972 expenses = $31 out of pocket
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,769
Downpayment
20%
$39,780
Closing costs
1%
$1,989
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,941
Total Expenses
$1,972
Mortgage P&I
57%
$1,115
Property Taxes
6%
$126
Home Insurance
4%
$70
HOA
0%
$0
Property Management
12%
$233
CapEx
4%
$78
Vacancy
3%
$58
Maintenance
4%
$78
Other
11%
$214