This property looks like a bad Long-Term investment with a projected -8.84% first-year return on $42,630 initial cash invested.
-8.84%
Cash On Cash
4.89%
Cap Rate
0.77
DSCR
$1,440
Rent
-$314
Cashflow
Cash Flow
$1,440 income − $1,754 expenses = $314 out of pocket
Investment Breakdown
|
Purchase Price
$203k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,630
Downpayment
20%
$40,600
Closing costs
1%
$2,030
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,440
Total Expenses
$1,754
Mortgage P&I
74%
$1,070
Property Taxes
16%
$237
Home Insurance
5%
$73
HOA
0%
$0
Property Management
10%
$144
CapEx
5%
$72
Vacancy
6%
$86
Maintenance
5%
$72
Other
0%
$0