This property looks like a bad Long-Term investment with a projected -10.58% first-year return on $41,496 initial cash invested.
-10.58%
Cash On Cash
4.43%
Cap Rate
0.7
DSCR
$1,030
Rent
-$366
Cashflow
Cash Flow
$1,030 income − $1,396 expenses = $366 out of pocket
Investment Breakdown
|
Purchase Price
$198k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,496
Downpayment
20%
$39,520
Closing costs
1%
$1,976
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,030
Total Expenses
$1,396
Mortgage P&I
101%
$1,043
Property Taxes
3%
$28
Home Insurance
5%
$56
HOA
0%
$0
Property Management
10%
$103
CapEx
5%
$52
Vacancy
6%
$62
Maintenance
5%
$52
Other
0%
$0