This property looks like a bad Mid-Term investment with a projected -3.24% first-year return on $60,651 initial cash invested.
-3.24%
Cash On Cash
6.33%
Cap Rate
0.93
DSCR
$2,104
Rent
-$164
Cashflow
Cash Flow
$2,104 income − $2,268 expenses = $164 out of pocket
Investment Breakdown
|
Purchase Price
$203k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,651
Downpayment
20%
$40,620
Closing costs
1%
$2,031
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,104
Total Expenses
$2,268
Mortgage P&I
55%
$1,152
Property Taxes
16%
$338
Home Insurance
3%
$64
HOA
0%
$0
Property Management
12%
$252
CapEx
4%
$84
Vacancy
3%
$63
Maintenance
4%
$84
Other
11%
$231