This property looks like a bad Long-Term investment with a projected -4.22% first-year return on $39,270 initial cash invested.
-4.22%
Cash On Cash
5.86%
Cap Rate
0.93
DSCR
$1,379
Rent
-$138
Cashflow
Cash Flow
$1,379 income − $1,517 expenses = $138 out of pocket
Investment Breakdown
|
Purchase Price
$187k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$39,270
Downpayment
20%
$37,400
Closing costs
1%
$1,870
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,379
Total Expenses
$1,517
Mortgage P&I
71%
$982
Property Taxes
8%
$111
Home Insurance
5%
$65
HOA
0%
$0
Property Management
10%
$138
CapEx
5%
$69
Vacancy
6%
$83
Maintenance
5%
$69
Other
0%
$0