This property looks like a bad Long-Term investment with a projected -12.09% first-year return on $40,089 initial cash invested.
-12.09%
Cash On Cash
4.43%
Cap Rate
0.67
DSCR
$1,046
Rent
-$404
Cashflow
Cash Flow
$1,046 income − $1,450 expenses = $404 out of pocket
Investment Breakdown
|
Purchase Price
$191k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$40,089
Downpayment
20%
$38,180
Closing costs
1%
$1,909
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,046
Total Expenses
$1,450
Mortgage P&I
101%
$1,057
Property Taxes
5%
$53
Home Insurance
7%
$68
HOA
0%
$0
Property Management
10%
$105
CapEx
5%
$52
Vacancy
6%
$63
Maintenance
5%
$52
Other
0%
$0