This property looks like a bad Long-Term investment with a projected -8.06% first-year return on $39,438 initial cash invested.
-8.06%
Cash On Cash
5.48%
Cap Rate
0.81
DSCR
$1,373
Rent
-$265
Cashflow
Cash Flow
$1,373 income − $1,638 expenses = $265 out of pocket
Investment Breakdown
|
Purchase Price
$188k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$39,438
Downpayment
20%
$37,560
Closing costs
1%
$1,878
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,373
Total Expenses
$1,638
Mortgage P&I
77%
$1,054
Property Taxes
14%
$190
Home Insurance
3%
$37
HOA
0%
$0
Property Management
10%
$137
CapEx
5%
$69
Vacancy
6%
$82
Maintenance
5%
$69
Other
0%
$0