This property looks like a bad Long-Term investment with a projected -4.81% first-year return on $39,690 initial cash invested.
-4.81%
Cash On Cash
5.89%
Cap Rate
0.91
DSCR
$1,351
Rent
-$159
Cashflow
Cash Flow
$1,351 income − $1,510 expenses = $159 out of pocket
Investment Breakdown
|
Purchase Price
$189k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$39,690
Downpayment
20%
$37,800
Closing costs
1%
$1,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,351
Total Expenses
$1,510
Mortgage P&I
75%
$1,019
Property Taxes
5%
$73
Home Insurance
5%
$66
HOA
0%
$0
Property Management
10%
$135
CapEx
5%
$68
Vacancy
6%
$81
Maintenance
5%
$68
Other
0%
$0