This property looks like a bad Long-Term investment with a projected -6.7% first-year return on $42,420 initial cash invested.
-6.7%
Cash On Cash
5.88%
Cap Rate
0.87
DSCR
$1,866
Rent
-$237
Cashflow
Cash Flow
$1,866 income − $2,103 expenses = $237 out of pocket
Investment Breakdown
|
Purchase Price
$202k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,420
Downpayment
20%
$40,400
Closing costs
1%
$2,020
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,866
Total Expenses
$2,103
Mortgage P&I
61%
$1,134
Property Taxes
22%
$414
Home Insurance
4%
$70
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0