This property looks like a bad Mid-Term investment with a projected -1.93% first-year return on $59,622 initial cash invested.
-1.93%
Cash On Cash
6.34%
Cap Rate
0.98
DSCR
$1,840
Rent
-$96
Cashflow
Cash Flow
$1,840 income − $1,936 expenses = $96 out of pocket
Investment Breakdown
|
Purchase Price
$198k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,622
Downpayment
20%
$39,640
Closing costs
1%
$1,982
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,840
Total Expenses
$1,936
Mortgage P&I
58%
$1,069
Property Taxes
9%
$167
Home Insurance
4%
$74
HOA
0%
$0
Property Management
12%
$221
CapEx
4%
$74
Vacancy
3%
$55
Maintenance
4%
$74
Other
11%
$202