This property looks like a bad Long-Term investment with a projected -7.31% first-year return on $41,370 initial cash invested.
-7.31%
Cash On Cash
5.08%
Cap Rate
0.82
DSCR
$1,271
Rent
-$252
Cashflow
Cash Flow
$1,271 income − $1,523 expenses = $252 out of pocket
Investment Breakdown
|
Purchase Price
$197k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,370
Downpayment
20%
$39,400
Closing costs
1%
$1,970
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,271
Total Expenses
$1,523
Mortgage P&I
80%
$1,022
Property Taxes
8%
$100
Home Insurance
6%
$70
HOA
0%
$0
Property Management
10%
$127
CapEx
5%
$64
Vacancy
6%
$76
Maintenance
5%
$64
Other
0%
$0