This property looks like a bad Long-Term investment with a projected -6.96% first-year return on $42,420 initial cash invested.
-6.96%
Cash On Cash
5.45%
Cap Rate
0.84
DSCR
$1,308
Rent
-$246
Cashflow
Cash Flow
$1,308 income − $1,554 expenses = $246 out of pocket
Investment Breakdown
|
Purchase Price
$202k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,420
Downpayment
20%
$40,400
Closing costs
1%
$2,020
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,308
Total Expenses
$1,554
Mortgage P&I
84%
$1,099
Property Taxes
3%
$42
Home Insurance
6%
$74
HOA
0%
$0
Property Management
10%
$131
CapEx
5%
$65
Vacancy
6%
$78
Maintenance
5%
$65
Other
0%
$0