This property looks like a bad Mid-Term investment with a projected -6.17% first-year return on $61,869 initial cash invested.
-6.17%
Cash On Cash
5.19%
Cap Rate
0.78
DSCR
$1,706
Rent
-$318
Cashflow
Cash Flow
$1,706 income − $2,024 expenses = $318 out of pocket
Investment Breakdown
|
Purchase Price
$209k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,869
Downpayment
20%
$41,780
Closing costs
1%
$2,089
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,706
Total Expenses
$2,024
Mortgage P&I
68%
$1,154
Property Taxes
13%
$215
Home Insurance
4%
$75
HOA
0%
$0
Property Management
12%
$205
CapEx
4%
$68
Vacancy
3%
$51
Maintenance
4%
$68
Other
11%
$188