This property looks like a bad Mid-Term investment with a projected -2.87% first-year return on $58,467 initial cash invested.
-2.87%
Cash On Cash
6.3%
Cap Rate
0.94
DSCR
$1,838
Rent
-$140
Cashflow
Cash Flow
$1,838 income − $1,978 expenses = $140 out of pocket
Investment Breakdown
|
Purchase Price
$193k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,467
Downpayment
20%
$38,540
Closing costs
1%
$1,927
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,838
Total Expenses
$1,978
Mortgage P&I
59%
$1,078
Property Taxes
11%
$204
Home Insurance
4%
$70
HOA
0%
$0
Property Management
12%
$221
CapEx
4%
$74
Vacancy
3%
$55
Maintenance
4%
$74
Other
11%
$202