This property looks like a bad Long-Term investment with a projected -4.32% first-year return on $39,711 initial cash invested.
-4.32%
Cash On Cash
6.36%
Cap Rate
0.94
DSCR
$1,663
Rent
-$143
Cashflow
Cash Flow
$1,663 income − $1,806 expenses = $143 out of pocket
Investment Breakdown
|
Purchase Price
$189k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$39,711
Downpayment
20%
$37,820
Closing costs
1%
$1,891
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,663
Total Expenses
$1,806
Mortgage P&I
64%
$1,063
Property Taxes
13%
$223
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0