This property looks like a bad Long-Term investment with a projected -11.18% first-year return on $41,842 initial cash invested.
-11.18%
Cash On Cash
4.2%
Cap Rate
0.67
DSCR
$1,060
Rent
-$390
Cashflow
Cash Flow
$1,060 income − $1,450 expenses = $390 out of pocket
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,842
Downpayment
20%
$39,850
Closing costs
1%
$1,992
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,060
Total Expenses
$1,450
Mortgage P&I
98%
$1,034
Property Taxes
7%
$70
Home Insurance
7%
$70
HOA
0%
$0
Property Management
10%
$106
CapEx
5%
$53
Vacancy
6%
$64
Maintenance
5%
$53
Other
0%
$0