This property looks like a bad Long-Term investment with a projected -7.15% first-year return on $41,790 initial cash invested.
-7.15%
Cash On Cash
5.64%
Cap Rate
0.85
DSCR
$1,641
Rent
-$249
Cashflow
Cash Flow
$1,641 income − $1,890 expenses = $249 out of pocket
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,790
Downpayment
20%
$39,800
Closing costs
1%
$1,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,641
Total Expenses
$1,890
Mortgage P&I
67%
$1,102
Property Taxes
18%
$292
Home Insurance
4%
$70
HOA
0%
$0
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0