This property looks like a bad Long-Term investment with a projected -3.33% first-year return on $41,055 initial cash invested.
-3.33%
Cash On Cash
6.39%
Cap Rate
0.96
DSCR
$1,509
Rent
-$114
Cashflow
Cash Flow
$1,509 income − $1,623 expenses = $114 out of pocket
Investment Breakdown
|
Purchase Price
$196k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,055
Downpayment
20%
$39,100
Closing costs
1%
$1,955
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,509
Total Expenses
$1,623
Mortgage P&I
72%
$1,080
Property Taxes
5%
$81
Home Insurance
5%
$70
HOA
0%
$0
Property Management
10%
$151
CapEx
5%
$75
Vacancy
6%
$91
Maintenance
5%
$75
Other
0%
$0