This property looks like a bad Long-Term investment with a projected -4.53% first-year return on $41,580 initial cash invested.
-4.53%
Cash On Cash
6.36%
Cap Rate
0.93
DSCR
$1,631
Rent
-$157
Cashflow
Cash Flow
$1,631 income − $1,788 expenses = $157 out of pocket
Investment Breakdown
|
Purchase Price
$198k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,580
Downpayment
20%
$39,600
Closing costs
1%
$1,980
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,631
Total Expenses
$1,788
Mortgage P&I
69%
$1,124
Property Taxes
10%
$167
Home Insurance
4%
$72
HOA
0%
$0
Property Management
10%
$163
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0