This property looks like a bad Long-Term investment with a projected -8.7% first-year return on $41,790 initial cash invested.
-8.7%
Cash On Cash
5.4%
Cap Rate
0.79
DSCR
$1,444
Rent
-$303
Cashflow
Cash Flow
$1,444 income − $1,747 expenses = $303 out of pocket
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,790
Downpayment
20%
$39,800
Closing costs
1%
$1,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,444
Total Expenses
$1,747
Mortgage P&I
78%
$1,126
Property Taxes
12%
$176
Home Insurance
5%
$70
HOA
0%
$0
Property Management
10%
$144
CapEx
5%
$72
Vacancy
6%
$87
Maintenance
5%
$72
Other
0%
$0