This property looks like a bad Long-Term investment with a projected -16.71% first-year return on $42,378 initial cash invested.
-16.71%
Cash On Cash
3.59%
Cap Rate
0.53
DSCR
$1,296
Rent
-$590
Cashflow
Cash Flow
$1,296 income − $1,886 expenses = $590 out of pocket
Investment Breakdown
|
Purchase Price
$202k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,378
Downpayment
20%
$40,360
Closing costs
1%
$2,018
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,296
Total Expenses
$1,886
Mortgage P&I
87%
$1,129
Property Taxes
27%
$346
Home Insurance
6%
$73
HOA
0%
$0
Property Management
10%
$130
CapEx
5%
$65
Vacancy
6%
$78
Maintenance
5%
$65
Other
0%
$0