This property looks like a bad Long-Term investment with a projected -1.69% first-year return on $40,551 initial cash invested.
-1.69%
Cash On Cash
6.84%
Cap Rate
1.03
DSCR
$1,738
Rent
-$57
Cashflow
Cash Flow
$1,738 income − $1,795 expenses = $57 out of pocket
Investment Breakdown
|
Purchase Price
$193k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$40,551
Downpayment
20%
$38,620
Closing costs
1%
$1,931
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,738
Total Expenses
$1,795
Mortgage P&I
62%
$1,071
Property Taxes
12%
$202
Home Insurance
4%
$70
HOA
0%
$0
Property Management
10%
$174
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0