This property looks like a bad Long-Term investment with a projected -4.11% first-year return on $40,572 initial cash invested.
-4.11%
Cash On Cash
6.33%
Cap Rate
0.94
DSCR
$1,482
Rent
-$139
Cashflow
Cash Flow
$1,482 income − $1,621 expenses = $139 out of pocket
Investment Breakdown
|
Purchase Price
$193k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$40,572
Downpayment
20%
$38,640
Closing costs
1%
$1,932
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,482
Total Expenses
$1,621
Mortgage P&I
73%
$1,084
Property Taxes
6%
$82
Home Insurance
5%
$70
HOA
0%
$0
Property Management
10%
$148
CapEx
5%
$74
Vacancy
6%
$89
Maintenance
5%
$74
Other
0%
$0