This property looks like a bad Long-Term investment with a projected -5.54% first-year return on $41,580 initial cash invested.
-5.54%
Cash On Cash
5.45%
Cap Rate
0.88
DSCR
$1,278
Rent
-$192
Cashflow
Cash Flow
$1,278 income − $1,470 expenses = $192 out of pocket
Investment Breakdown
|
Purchase Price
$198k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,580
Downpayment
20%
$39,600
Closing costs
1%
$1,980
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,278
Total Expenses
$1,470
Mortgage P&I
80%
$1,027
Property Taxes
3%
$38
Home Insurance
6%
$72
HOA
0%
$0
Property Management
10%
$128
CapEx
5%
$64
Vacancy
6%
$77
Maintenance
5%
$64
Other
0%
$0