This property looks like a bad Long-Term investment with a projected -1.53% first-year return on $39,879 initial cash invested.
-1.53%
Cash On Cash
6.93%
Cap Rate
1.03
DSCR
$1,609
Rent
-$51
Cashflow
Cash Flow
$1,609 income − $1,660 expenses = $51 out of pocket
Investment Breakdown
|
Purchase Price
$190k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$39,879
Downpayment
20%
$37,980
Closing costs
1%
$1,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,609
Total Expenses
$1,660
Mortgage P&I
66%
$1,067
Property Taxes
7%
$109
Home Insurance
4%
$66
HOA
0%
$0
Property Management
10%
$161
CapEx
5%
$80
Vacancy
6%
$97
Maintenance
5%
$80
Other
0%
$0