This property looks like a bad Long-Term investment with a projected -2.35% first-year return on $40,404 initial cash invested.
-2.35%
Cash On Cash
6.95%
Cap Rate
1.03
DSCR
$2,227
Rent
-$79
Cashflow
Cash Flow
$2,227 income − $2,306 expenses = $79 out of pocket
Investment Breakdown
|
Purchase Price
$192k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$40,404
Downpayment
20%
$38,480
Closing costs
1%
$1,924
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,227
Total Expenses
$2,306
Mortgage P&I
49%
$1,082
Property Taxes
27%
$601
Home Insurance
2%
$44
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$111
Vacancy
6%
$134
Maintenance
5%
$111
Other
0%
$0