This property looks like a bad Long-Term investment with a projected -4.98% first-year return on $40,740 initial cash invested.
-4.98%
Cash On Cash
6.2%
Cap Rate
0.92
DSCR
$1,720
Rent
-$169
Cashflow
Cash Flow
$1,720 income − $1,889 expenses = $169 out of pocket
Investment Breakdown
|
Purchase Price
$194k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$40,740
Downpayment
20%
$38,800
Closing costs
1%
$1,940
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,720
Total Expenses
$1,889
Mortgage P&I
63%
$1,085
Property Taxes
17%
$287
Home Insurance
4%
$70
HOA
0%
$0
Property Management
10%
$172
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0