This property looks like a bad Long-Term investment with a projected -7.37% first-year return on $42,840 initial cash invested.
-7.37%
Cash On Cash
5.54%
Cap Rate
0.84
DSCR
$1,701
Rent
-$263
Cashflow
Cash Flow
$1,701 income − $1,964 expenses = $263 out of pocket
Investment Breakdown
|
Purchase Price
$204k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,840
Downpayment
20%
$40,800
Closing costs
1%
$2,040
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,701
Total Expenses
$1,964
Mortgage P&I
66%
$1,119
Property Taxes
17%
$287
Home Insurance
4%
$71
HOA
3%
$45
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0