This property looks like a bad Long-Term investment with a projected -2.84% first-year return on $40,971 initial cash invested.
-2.84%
Cash On Cash
6.57%
Cap Rate
0.98
DSCR
$1,596
Rent
-$97
Cashflow
Cash Flow
$1,596 income − $1,693 expenses = $97 out of pocket
Investment Breakdown
|
Purchase Price
$195k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$40,971
Downpayment
20%
$39,020
Closing costs
1%
$1,951
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,596
Total Expenses
$1,693
Mortgage P&I
68%
$1,085
Property Taxes
8%
$129
Home Insurance
4%
$63
HOA
0%
$0
Property Management
10%
$160
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0