This property looks like a bad Long-Term investment with a projected -2.99% first-year return on $41,769 initial cash invested.
-2.99%
Cash On Cash
6.41%
Cap Rate
0.98
DSCR
$1,641
Rent
-$104
Cashflow
Cash Flow
$1,641 income − $1,745 expenses = $104 out of pocket
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,769
Downpayment
20%
$39,780
Closing costs
1%
$1,989
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,641
Total Expenses
$1,745
Mortgage P&I
66%
$1,085
Property Taxes
10%
$164
Home Insurance
4%
$70
HOA
0%
$0
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0