This property looks like a bad Long-Term investment with a projected -16.35% first-year return on $43,008 initial cash invested.
-16.35%
Cash On Cash
3.5%
Cap Rate
0.53
DSCR
$1,296
Rent
-$586
Cashflow
Cash Flow
$1,296 income − $1,882 expenses = $586 out of pocket
Investment Breakdown
|
Purchase Price
$205k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$43,008
Downpayment
20%
$40,960
Closing costs
1%
$2,048
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,296
Total Expenses
$1,882
Mortgage P&I
86%
$1,119
Property Taxes
27%
$350
Home Insurance
6%
$75
HOA
0%
$0
Property Management
10%
$130
CapEx
5%
$65
Vacancy
6%
$78
Maintenance
5%
$65
Other
0%
$0