This property looks like a bad Long-Term investment with a projected -9.45% first-year return on $39,375 initial cash invested.
-9.45%
Cash On Cash
4.76%
Cap Rate
0.75
DSCR
$1,298
Rent
-$310
Cashflow
Cash Flow
$1,298 income − $1,608 expenses = $310 out of pocket
Investment Breakdown
|
Purchase Price
$188k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$39,375
Downpayment
20%
$37,500
Closing costs
1%
$1,875
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,298
Total Expenses
$1,608
Mortgage P&I
76%
$988
Property Taxes
20%
$256
Home Insurance
2%
$26
HOA
0%
$0
Property Management
10%
$130
CapEx
5%
$65
Vacancy
6%
$78
Maintenance
5%
$65
Other
0%
$0