This property looks like a bad Long-Term investment with a projected -2.68% first-year return on $41,685 initial cash invested.
-2.68%
Cash On Cash
6.54%
Cap Rate
1
DSCR
$1,817
Rent
-$93
Cashflow
Cash Flow
$1,817 income − $1,910 expenses = $93 out of pocket
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,685
Downpayment
20%
$39,700
Closing costs
1%
$1,985
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,817
Total Expenses
$1,910
Mortgage P&I
60%
$1,083
Property Taxes
16%
$286
Home Insurance
4%
$68
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0