This property looks like a bad Long-Term investment with a projected -4.28% first-year return on $42,903 initial cash invested.
-4.28%
Cash On Cash
6.24%
Cap Rate
0.93
DSCR
$1,513
Rent
-$153
Cashflow
Cash Flow
$1,513 income − $1,666 expenses = $153 out of pocket
Investment Breakdown
|
Purchase Price
$204k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,903
Downpayment
20%
$40,860
Closing costs
1%
$2,043
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,513
Total Expenses
$1,666
Mortgage P&I
75%
$1,140
Property Taxes
4%
$58
Home Insurance
5%
$74
HOA
0%
$0
Property Management
10%
$151
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0