This property looks like a bad Long-Term investment with a projected -10.79% first-year return on $41,580 initial cash invested.
-10.79%
Cash On Cash
4.95%
Cap Rate
0.73
DSCR
$1,381
Rent
-$374
Cashflow
Cash Flow
$1,381 income − $1,755 expenses = $374 out of pocket
Investment Breakdown
|
Purchase Price
$198k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,580
Downpayment
20%
$39,600
Closing costs
1%
$1,980
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,381
Total Expenses
$1,755
Mortgage P&I
81%
$1,121
Property Taxes
15%
$206
Home Insurance
5%
$69
HOA
0%
$0
Property Management
10%
$138
CapEx
5%
$69
Vacancy
6%
$83
Maintenance
5%
$69
Other
0%
$0