This property looks like a bad Long-Term investment with a projected -8.73% first-year return on $41,790 initial cash invested.
-8.73%
Cash On Cash
5.25%
Cap Rate
0.8
DSCR
$1,804
Rent
-$304
Cashflow
Cash Flow
$1,804 income − $2,108 expenses = $304 out of pocket
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,804
Total Expenses
$2,108
Mortgage P&I
60%
$1,085
Property Taxes
27%
$485
Home Insurance
4%
$70
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0