This property looks like a bad Long-Term investment with a projected -6.12% first-year return on $43,890 initial cash invested.
-6.12%
Cash On Cash
5.82%
Cap Rate
0.88
DSCR
$1,633
Rent
-$224
Cashflow
Cash Flow
$1,633 income − $1,857 expenses = $224 out of pocket
Investment Breakdown
|
Purchase Price
$209k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$43,890
Downpayment
20%
$41,800
Closing costs
1%
$2,090
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,633
Total Expenses
$1,857
Mortgage P&I
71%
$1,155
Property Taxes
12%
$204
Home Insurance
4%
$73
HOA
0%
$0
Property Management
10%
$163
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0