This property looks like a bad Long-Term investment with a projected -2.02% first-year return on $42,273 initial cash invested.
-2.02%
Cash On Cash
6.83%
Cap Rate
1.03
DSCR
$2,049
Rent
-$71
Cashflow
Cash Flow
$2,049 income − $2,120 expenses = $71 out of pocket
Investment Breakdown
|
Purchase Price
$201k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,273
Downpayment
20%
$40,260
Closing costs
1%
$2,013
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,049
Total Expenses
$2,120
Mortgage P&I
54%
$1,114
Property Taxes
20%
$411
Home Insurance
3%
$63
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0