This property looks like a bad Long-Term investment with a projected -15% first-year return on $40,950 initial cash invested.
-15%
Cash On Cash
3.96%
Cap Rate
0.59
DSCR
$1,359
Rent
-$512
Cashflow
Cash Flow
$1,359 income − $1,871 expenses = $512 out of pocket
Investment Breakdown
|
Purchase Price
$195k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$40,950
Downpayment
20%
$39,000
Closing costs
1%
$1,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,359
Total Expenses
$1,871
Mortgage P&I
80%
$1,087
Property Taxes
27%
$362
Home Insurance
5%
$68
HOA
0%
$0
Property Management
10%
$136
CapEx
5%
$68
Vacancy
6%
$82
Maintenance
5%
$68
Other
0%
$0