This property looks like a bad Mid-Term investment with a projected -3.52% first-year return on $50,172 initial cash invested.
-3.52%
Cash On Cash
6.13%
Cap Rate
0.9
DSCR
$1,550
Rent
-$147
Cashflow
Cash Flow
$1,550 income − $1,697 expenses = $147 out of pocket
Investment Breakdown
|
Purchase Price
$153k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,172
Downpayment
20%
$30,640
Closing costs
1%
$1,532
Rehab
0%
$0
Furnishing
12%
$18,000
Cashflow
Total Income
$1,550
Total Expenses
$1,697
Mortgage P&I
56%
$867
Property Taxes
16%
$248
Home Insurance
4%
$56
HOA
0%
$0
Property Management
12%
$186
CapEx
4%
$62
Vacancy
3%
$46
Maintenance
4%
$62
Other
11%
$170