This property looks like a bad Long-Term investment with a projected -13.53% first-year return on $39,900 initial cash invested.
-13.53%
Cash On Cash
4.21%
Cap Rate
0.63
DSCR
$1,032
Rent
-$450
Cashflow
Cash Flow
$1,032 income − $1,482 expenses = $450 out of pocket
Investment Breakdown
|
Purchase Price
$190k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$39,900
Downpayment
20%
$38,000
Closing costs
1%
$1,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,032
Total Expenses
$1,482
Mortgage P&I
103%
$1,065
Property Taxes
8%
$82
Home Insurance
6%
$66
HOA
0%
$0
Property Management
10%
$103
CapEx
5%
$52
Vacancy
6%
$62
Maintenance
5%
$52
Other
0%
$0