This property looks like a bad Long-Term investment with a projected -8.93% first-year return on $39,900 initial cash invested.
-8.93%
Cash On Cash
4.84%
Cap Rate
0.76
DSCR
$1,210
Rent
-$297
Cashflow
Cash Flow
$1,210 income − $1,507 expenses = $297 out of pocket
Investment Breakdown
|
Purchase Price
$190k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$39,900
Downpayment
20%
$38,000
Closing costs
1%
$1,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,210
Total Expenses
$1,507
Mortgage P&I
83%
$1,003
Property Taxes
10%
$124
Home Insurance
5%
$66
HOA
0%
$0
Property Management
10%
$121
CapEx
5%
$60
Vacancy
6%
$73
Maintenance
5%
$60
Other
0%
$0