This property looks like a bad Long-Term investment with a projected -8.75% first-year return on $41,013 initial cash invested.
-8.75%
Cash On Cash
5.44%
Cap Rate
0.8
DSCR
$1,585
Rent
-$299
Cashflow
Cash Flow
$1,585 income − $1,884 expenses = $299 out of pocket
Investment Breakdown
|
Purchase Price
$195k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,013
Downpayment
20%
$39,060
Closing costs
1%
$1,953
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,585
Total Expenses
$1,884
Mortgage P&I
70%
$1,105
Property Taxes
19%
$298
Home Insurance
4%
$70
HOA
0%
$0
Property Management
10%
$158
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0