This property looks like a bad Mid-Term investment with a projected -3.3% first-year return on $60,294 initial cash invested.
-3.3%
Cash On Cash
6.21%
Cap Rate
0.92
DSCR
$1,822
Rent
-$166
Cashflow
Cash Flow
$1,822 income − $1,988 expenses = $166 out of pocket
Investment Breakdown
|
Purchase Price
$201k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,294
Downpayment
20%
$40,280
Closing costs
1%
$2,014
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,822
Total Expenses
$1,988
Mortgage P&I
62%
$1,136
Property Taxes
9%
$160
Home Insurance
4%
$72
HOA
0%
$0
Property Management
12%
$219
CapEx
4%
$73
Vacancy
3%
$55
Maintenance
4%
$73
Other
11%
$200