This property looks like a bad Long-Term investment with a projected -5.6% first-year return on $41,790 initial cash invested.
-5.6%
Cash On Cash
6.19%
Cap Rate
0.92
DSCR
$2,014
Rent
-$195
Cashflow
Cash Flow
$2,014 income − $2,209 expenses = $195 out of pocket
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,790
Downpayment
20%
$39,800
Closing costs
1%
$1,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,014
Total Expenses
$2,209
Mortgage P&I
56%
$1,120
Property Taxes
16%
$314
Home Insurance
3%
$70
HOA
9%
$181
Property Management
10%
$201
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0