This property looks like a bad Long-Term investment with a projected -15.31% first-year return on $42,882 initial cash invested.
-15.31%
Cash On Cash
3.63%
Cap Rate
0.56
DSCR
$1,346
Rent
-$547
Cashflow
Cash Flow
$1,346 income − $1,893 expenses = $547 out of pocket
Investment Breakdown
|
Purchase Price
$204k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,882
Downpayment
20%
$40,840
Closing costs
1%
$2,042
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,346
Total Expenses
$1,893
Mortgage P&I
82%
$1,098
Property Taxes
28%
$371
Home Insurance
6%
$74
HOA
0%
$0
Property Management
10%
$135
CapEx
5%
$67
Vacancy
6%
$81
Maintenance
5%
$67
Other
0%
$0