This property looks like a bad Long-Term investment with a projected -7.24% first-year return on $42,609 initial cash invested.
-7.24%
Cash On Cash
5.4%
Cap Rate
0.84
DSCR
$1,652
Rent
-$257
Cashflow
Cash Flow
$1,652 income − $1,909 expenses = $257 out of pocket
Investment Breakdown
|
Purchase Price
$203k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,609
Downpayment
20%
$40,580
Closing costs
1%
$2,029
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,652
Total Expenses
$1,909
Mortgage P&I
66%
$1,087
Property Taxes
18%
$304
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$165
CapEx
5%
$83
Vacancy
6%
$99
Maintenance
5%
$83
Other
0%
$0