This property looks like a bad Long-Term investment with a projected -15.8% first-year return on $40,320 initial cash invested.
-15.8%
Cash On Cash
3.57%
Cap Rate
0.54
DSCR
$1,087
Rent
-$531
Cashflow
Cash Flow
$1,087 income − $1,618 expenses = $531 out of pocket
Investment Breakdown
|
Purchase Price
$192k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$40,320
Downpayment
20%
$38,400
Closing costs
1%
$1,920
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,087
Total Expenses
$1,618
Mortgage P&I
96%
$1,048
Property Taxes
20%
$221
Home Insurance
6%
$67
HOA
0%
$0
Property Management
10%
$109
CapEx
5%
$54
Vacancy
6%
$65
Maintenance
5%
$54
Other
0%
$0