This property looks like a bad Mid-Term investment with a projected -2.19% first-year return on $63,129 initial cash invested.
-2.19%
Cash On Cash
6.43%
Cap Rate
0.96
DSCR
$1,812
Rent
-$115
Cashflow
Cash Flow
$1,812 income − $1,927 expenses = $115 out of pocket
Investment Breakdown
|
Purchase Price
$215k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,129
Downpayment
20%
$42,980
Closing costs
1%
$2,149
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,812
Total Expenses
$1,927
Mortgage P&I
66%
$1,195
Property Taxes
2%
$43
Home Insurance
4%
$75
HOA
0%
$0
Property Management
12%
$217
CapEx
4%
$72
Vacancy
3%
$54
Maintenance
4%
$72
Other
11%
$199