This property looks like a bad Long-Term investment with a projected -9.5% first-year return on $40,782 initial cash invested.
-9.5%
Cash On Cash
5.29%
Cap Rate
0.78
DSCR
$1,498
Rent
-$323
Cashflow
Cash Flow
$1,498 income − $1,821 expenses = $323 out of pocket
Investment Breakdown
|
Purchase Price
$194k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$40,782
Downpayment
20%
$38,840
Closing costs
1%
$1,942
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,498
Total Expenses
$1,821
Mortgage P&I
74%
$1,104
Property Taxes
17%
$258
Home Insurance
5%
$69
HOA
0%
$0
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0