This property looks like a bad Mid-Term investment with a projected -2.6% first-year return on $62,310 initial cash invested.
-2.6%
Cash On Cash
6.19%
Cap Rate
0.95
DSCR
$1,998
Rent
-$135
Cashflow
Cash Flow
$1,998 income − $2,133 expenses = $135 out of pocket
Investment Breakdown
|
Purchase Price
$211k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,310
Downpayment
20%
$42,200
Closing costs
1%
$2,110
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,998
Total Expenses
$2,133
Mortgage P&I
57%
$1,143
Property Taxes
12%
$233
Home Insurance
4%
$77
HOA
0%
$0
Property Management
12%
$240
CapEx
4%
$80
Vacancy
3%
$60
Maintenance
4%
$80
Other
11%
$220