This property looks like a bad Long-Term investment with a projected -16.69% first-year return on $39,690 initial cash invested.
-16.69%
Cash On Cash
3.33%
Cap Rate
0.51
DSCR
$910
Rent
-$552
Cashflow
Cash Flow
$910 income − $1,462 expenses = $552 out of pocket
Investment Breakdown
|
Purchase Price
$189k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$39,690
Downpayment
20%
$37,800
Closing costs
1%
$1,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$910
Total Expenses
$1,462
Mortgage P&I
113%
$1,031
Property Taxes
14%
$127
Home Insurance
7%
$66
HOA
0%
$0
Property Management
10%
$91
CapEx
5%
$46
Vacancy
6%
$55
Maintenance
5%
$46
Other
0%
$0