This property looks like a bad Long-Term investment with a projected -5.97% first-year return on $41,790 initial cash invested.
-5.97%
Cash On Cash
5.61%
Cap Rate
0.87
DSCR
$1,439
Rent
-$208
Cashflow
Cash Flow
$1,439 income − $1,647 expenses = $208 out of pocket
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,439
Total Expenses
$1,647
Mortgage P&I
74%
$1,066
Property Taxes
10%
$137
Home Insurance
5%
$70
HOA
0%
$0
Property Management
10%
$144
CapEx
5%
$72
Vacancy
6%
$86
Maintenance
5%
$72
Other
0%
$0