This property looks like a bad Long-Term investment with a projected -1.55% first-year return on $41,790 initial cash invested.
-1.55%
Cash On Cash
6.89%
Cap Rate
1.02
DSCR
$1,607
Rent
-$54
Cashflow
Cash Flow
$1,607 income − $1,661 expenses = $54 out of pocket
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,790
Downpayment
20%
$39,800
Closing costs
1%
$1,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,607
Total Expenses
$1,661
Mortgage P&I
69%
$1,116
Property Taxes
4%
$58
Home Insurance
4%
$70
HOA
0%
$0
Property Management
10%
$161
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0