This property looks like a bad Mid-Term investment with a projected -1% first-year return on $63,591 initial cash invested.
-1%
Cash On Cash
6.58%
Cap Rate
1.02
DSCR
$1,994
Rent
-$53
Cashflow
Cash Flow
$1,994 income − $2,047 expenses = $53 out of pocket
Investment Breakdown
|
Purchase Price
$217k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,591
Downpayment
20%
$43,420
Closing costs
1%
$2,171
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,994
Total Expenses
$2,047
Mortgage P&I
58%
$1,163
Property Taxes
6%
$127
Home Insurance
4%
$79
HOA
0%
$0
Property Management
12%
$239
CapEx
4%
$80
Vacancy
3%
$60
Maintenance
4%
$80
Other
11%
$219