This property looks like a bad Long-Term investment with a projected -5.12% first-year return on $41,223 initial cash invested.
-5.12%
Cash On Cash
6.02%
Cap Rate
0.92
DSCR
$1,870
Rent
-$176
Cashflow
Cash Flow
$1,870 income − $2,046 expenses = $176 out of pocket
Investment Breakdown
|
Purchase Price
$196k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,223
Downpayment
20%
$39,260
Closing costs
1%
$1,963
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,870
Total Expenses
$2,046
Mortgage P&I
57%
$1,067
Property Taxes
21%
$399
Home Insurance
5%
$93
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$94
Vacancy
6%
$112
Maintenance
5%
$94
Other
0%
$0