This property looks like a bad Long-Term investment with a projected -1.11% first-year return on $40,950 initial cash invested.
-1.11%
Cash On Cash
6.53%
Cap Rate
1.04
DSCR
$1,541
Rent
-$38
Cashflow
Cash Flow
$1,541 income − $1,579 expenses = $38 out of pocket
Investment Breakdown
|
Purchase Price
$195k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$40,950
Downpayment
20%
$39,000
Closing costs
1%
$1,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,541
Total Expenses
$1,579
Mortgage P&I
66%
$1,022
Property Taxes
6%
$89
Home Insurance
4%
$68
HOA
0%
$0
Property Management
10%
$154
CapEx
5%
$77
Vacancy
6%
$92
Maintenance
5%
$77
Other
0%
$0