This property looks like a bad Long-Term investment with a projected -5.77% first-year return on $41,370 initial cash invested.
-5.77%
Cash On Cash
5.66%
Cap Rate
0.88
DSCR
$1,495
Rent
-$199
Cashflow
Cash Flow
$1,495 income − $1,694 expenses = $199 out of pocket
Investment Breakdown
|
Purchase Price
$197k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,370
Downpayment
20%
$39,400
Closing costs
1%
$1,970
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,495
Total Expenses
$1,694
Mortgage P&I
71%
$1,054
Property Taxes
12%
$180
Home Insurance
5%
$70
HOA
0%
$0
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0