This property looks like a bad Long-Term investment with a projected -8.04% first-year return on $39,690 initial cash invested.
-8.04%
Cash On Cash
5.45%
Cap Rate
0.81
DSCR
$1,291
Rent
-$266
Cashflow
Cash Flow
$1,291 income − $1,557 expenses = $266 out of pocket
Investment Breakdown
|
Purchase Price
$189k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$39,690
Downpayment
20%
$37,800
Closing costs
1%
$1,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,291
Total Expenses
$1,557
Mortgage P&I
82%
$1,060
Property Taxes
7%
$95
Home Insurance
5%
$66
HOA
0%
$0
Property Management
10%
$129
CapEx
5%
$65
Vacancy
6%
$77
Maintenance
5%
$65
Other
0%
$0