This property looks like a bad Long-Term investment with a projected -3.58% first-year return on $39,606 initial cash invested.
-3.58%
Cash On Cash
6.22%
Cap Rate
0.95
DSCR
$1,384
Rent
-$118
Cashflow
Cash Flow
$1,384 income − $1,502 expenses = $118 out of pocket
Investment Breakdown
|
Purchase Price
$189k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$39,606
Downpayment
20%
$37,720
Closing costs
1%
$1,886
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,384
Total Expenses
$1,502
Mortgage P&I
74%
$1,026
Property Taxes
3%
$37
Home Insurance
6%
$80
HOA
0%
$0
Property Management
10%
$138
CapEx
5%
$69
Vacancy
6%
$83
Maintenance
5%
$69
Other
0%
$0