This property looks like a bad Mid-Term investment with a projected -4.67% first-year return on $57,270 initial cash invested.
-4.67%
Cash On Cash
5.64%
Cap Rate
0.85
DSCR
$1,834
Rent
-$223
Cashflow
Cash Flow
$1,834 income − $2,057 expenses = $223 out of pocket
Investment Breakdown
|
Purchase Price
$187k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,270
Downpayment
20%
$37,400
Closing costs
1%
$1,870
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$1,834
Total Expenses
$2,057
Mortgage P&I
56%
$1,029
Property Taxes
19%
$340
Home Insurance
4%
$65
HOA
0%
$0
Property Management
12%
$220
CapEx
4%
$73
Vacancy
3%
$55
Maintenance
4%
$73
Other
11%
$202