This property looks like a bad Long-Term investment with a projected -1.37% first-year return on $41,055 initial cash invested.
-1.37%
Cash On Cash
7.05%
Cap Rate
1.04
DSCR
$1,852
Rent
-$47
Cashflow
Cash Flow
$1,852 income − $1,899 expenses = $47 out of pocket
Investment Breakdown
|
Purchase Price
$196k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,055
Downpayment
20%
$39,100
Closing costs
1%
$1,955
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,852
Total Expenses
$1,899
Mortgage P&I
60%
$1,102
Property Taxes
13%
$245
Home Insurance
4%
$70
HOA
0%
$0
Property Management
10%
$185
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0