This property looks like a bad Long-Term investment with a projected -4.2% first-year return on $41,097 initial cash invested.
-4.2%
Cash On Cash
5.98%
Cap Rate
0.93
DSCR
$1,462
Rent
-$144
Cashflow
Cash Flow
$1,462 income − $1,606 expenses = $144 out of pocket
Investment Breakdown
|
Purchase Price
$196k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,097
Downpayment
20%
$39,140
Closing costs
1%
$1,957
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,462
Total Expenses
$1,606
Mortgage P&I
72%
$1,047
Property Taxes
7%
$109
Home Insurance
5%
$70
HOA
0%
$0
Property Management
10%
$146
CapEx
5%
$73
Vacancy
6%
$88
Maintenance
5%
$73
Other
0%
$0