This property looks like a bad Long-Term investment with a projected -6.88% first-year return on $40,320 initial cash invested.
-6.88%
Cash On Cash
5.81%
Cap Rate
0.86
DSCR
$1,553
Rent
-$231
Cashflow
Cash Flow
$1,553 income − $1,784 expenses = $231 out of pocket
Investment Breakdown
|
Purchase Price
$192k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$40,320
Downpayment
20%
$38,400
Closing costs
1%
$1,920
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,553
Total Expenses
$1,784
Mortgage P&I
70%
$1,082
Property Taxes
14%
$216
Home Insurance
5%
$82
HOA
0%
$0
Property Management
10%
$155
CapEx
5%
$78
Vacancy
6%
$93
Maintenance
5%
$78
Other
0%
$0