This property looks like a bad Long-Term investment with a projected -2.65% first-year return on $40,719 initial cash invested.
-2.65%
Cash On Cash
7.1%
Cap Rate
1.04
DSCR
$2,706
Rent
-$90
Cashflow
Cash Flow
$2,706 income − $2,796 expenses = $90 out of pocket
Investment Breakdown
|
Purchase Price
$194k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$40,719
Downpayment
20%
$38,780
Closing costs
1%
$1,939
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,706
Total Expenses
$2,796
Mortgage P&I
41%
$1,103
Property Taxes
34%
$922
Home Insurance
3%
$68
HOA
0%
$0
Property Management
10%
$271
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0