This property looks like a bad Long-Term investment with a projected -6.6% first-year return on $40,362 initial cash invested.
-6.6%
Cash On Cash
5.87%
Cap Rate
0.86
DSCR
$1,390
Rent
-$222
Cashflow
Cash Flow
$1,390 income − $1,612 expenses = $222 out of pocket
Investment Breakdown
|
Purchase Price
$192k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$40,362
Downpayment
20%
$38,440
Closing costs
1%
$1,922
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,390
Total Expenses
$1,612
Mortgage P&I
79%
$1,092
Property Taxes
6%
$90
Home Insurance
5%
$68
HOA
0%
$0
Property Management
10%
$139
CapEx
5%
$70
Vacancy
6%
$83
Maintenance
5%
$70
Other
0%
$0