This property looks like a bad Long-Term investment with a projected -7.53% first-year return on $40,341 initial cash invested.
-7.53%
Cash On Cash
5.37%
Cap Rate
0.84
DSCR
$1,687
Rent
-$253
Cashflow
Cash Flow
$1,687 income − $1,940 expenses = $253 out of pocket
Investment Breakdown
|
Purchase Price
$192k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$40,341
Downpayment
20%
$38,420
Closing costs
1%
$1,921
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,687
Total Expenses
$1,940
Mortgage P&I
61%
$1,028
Property Taxes
24%
$404
Home Insurance
4%
$70
HOA
0%
$0
Property Management
10%
$169
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0