This property looks like a bad Mid-Term investment with a projected -7.22% first-year return on $60,819 initial cash invested.
-7.22%
Cash On Cash
4.87%
Cap Rate
0.74
DSCR
$1,748
Rent
-$366
Cashflow
Cash Flow
$1,748 income − $2,114 expenses = $366 out of pocket
Investment Breakdown
|
Purchase Price
$204k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,819
Downpayment
20%
$40,780
Closing costs
1%
$2,039
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,748
Total Expenses
$2,114
Mortgage P&I
64%
$1,124
Property Taxes
16%
$274
Home Insurance
7%
$122
HOA
0%
$0
Property Management
12%
$210
CapEx
4%
$70
Vacancy
3%
$52
Maintenance
4%
$70
Other
11%
$192