This property looks like a bad Long-Term investment with a projected -5.62% first-year return on $40,593 initial cash invested.
-5.62%
Cash On Cash
5.77%
Cap Rate
0.89
DSCR
$1,419
Rent
-$190
Cashflow
Cash Flow
$1,419 income − $1,609 expenses = $190 out of pocket
Investment Breakdown
|
Purchase Price
$193k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$40,593
Downpayment
20%
$38,660
Closing costs
1%
$1,933
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,419
Total Expenses
$1,609
Mortgage P&I
74%
$1,048
Property Taxes
9%
$122
Home Insurance
5%
$70
HOA
0%
$0
Property Management
10%
$142
CapEx
5%
$71
Vacancy
6%
$85
Maintenance
5%
$71
Other
0%
$0