This property looks like a bad Long-Term investment with a projected -5.06% first-year return on $41,496 initial cash invested.
-5.06%
Cash On Cash
6.14%
Cap Rate
0.91
DSCR
$1,621
Rent
-$175
Cashflow
Cash Flow
$1,621 income − $1,796 expenses = $175 out of pocket
Investment Breakdown
|
Purchase Price
$198k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,496
Downpayment
20%
$39,520
Closing costs
1%
$1,976
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,621
Total Expenses
$1,796
Mortgage P&I
68%
$1,105
Property Taxes
12%
$200
Home Insurance
4%
$70
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0