This property looks like a bad Mid-Term investment with a projected -1.41% first-year return on $63,990 initial cash invested.
-1.41%
Cash On Cash
6.62%
Cap Rate
1
DSCR
$1,858
Rent
-$75
Cashflow
Cash Flow
$1,858 income − $1,933 expenses = $75 out of pocket
Investment Breakdown
|
Purchase Price
$219k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,990
Downpayment
20%
$43,800
Closing costs
1%
$2,190
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,858
Total Expenses
$1,933
Mortgage P&I
65%
$1,210
Property Taxes
1%
$15
Home Insurance
4%
$77
HOA
0%
$0
Property Management
12%
$223
CapEx
4%
$74
Vacancy
3%
$56
Maintenance
4%
$74
Other
11%
$204