This property looks like a bad Long-Term investment with a projected -5.59% first-year return on $39,480 initial cash invested.
-5.59%
Cash On Cash
5.74%
Cap Rate
0.89
DSCR
$1,412
Rent
-$184
Cashflow
Cash Flow
$1,412 income − $1,596 expenses = $184 out of pocket
Investment Breakdown
|
Purchase Price
$188k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$39,480
Downpayment
20%
$37,600
Closing costs
1%
$1,880
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,412
Total Expenses
$1,596
Mortgage P&I
72%
$1,012
Property Taxes
11%
$151
Home Insurance
5%
$65
HOA
0%
$0
Property Management
10%
$141
CapEx
5%
$71
Vacancy
6%
$85
Maintenance
5%
$71
Other
0%
$0