This property looks like a bad Long-Term investment with a projected -14.57% first-year return on $40,530 initial cash invested.
-14.57%
Cash On Cash
3.92%
Cap Rate
0.6
DSCR
$1,398
Rent
-$492
Cashflow
Cash Flow
$1,398 income − $1,890 expenses = $492 out of pocket
Investment Breakdown
|
Purchase Price
$193k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$40,530
Downpayment
20%
$38,600
Closing costs
1%
$1,930
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,398
Total Expenses
$1,890
Mortgage P&I
75%
$1,053
Property Taxes
34%
$473
Home Insurance
0%
$0
HOA
0%
$0
Property Management
10%
$140
CapEx
5%
$70
Vacancy
6%
$84
Maintenance
5%
$70
Other
0%
$0