This property looks like a bad Long-Term investment with a projected -10.16% first-year return on $39,690 initial cash invested.
-10.16%
Cash On Cash
4.98%
Cap Rate
0.74
DSCR
$1,198
Rent
-$336
Cashflow
Cash Flow
$1,198 income − $1,534 expenses = $336 out of pocket
Investment Breakdown
|
Purchase Price
$189k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$39,690
Downpayment
20%
$37,800
Closing costs
1%
$1,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,198
Total Expenses
$1,534
Mortgage P&I
89%
$1,061
Property Taxes
8%
$95
Home Insurance
6%
$66
HOA
0%
$0
Property Management
10%
$120
CapEx
5%
$60
Vacancy
6%
$72
Maintenance
5%
$60
Other
0%
$0