This property looks like a bad Mid-Term investment with a projected -0.73% first-year return on $59,328 initial cash invested.
-0.73%
Cash On Cash
6.87%
Cap Rate
1.04
DSCR
$1,888
Rent
-$36
Cashflow
Cash Flow
$1,888 income − $1,924 expenses = $36 out of pocket
Investment Breakdown
|
Purchase Price
$197k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,328
Downpayment
20%
$39,360
Closing costs
1%
$1,968
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,888
Total Expenses
$1,924
Mortgage P&I
58%
$1,087
Property Taxes
7%
$123
Home Insurance
4%
$70
HOA
0%
$0
Property Management
12%
$227
CapEx
4%
$76
Vacancy
3%
$57
Maintenance
4%
$76
Other
11%
$208