This property looks like a bad Long-Term investment with a projected -11.82% first-year return on $42,840 initial cash invested.
-11.82%
Cash On Cash
4.6%
Cap Rate
0.69
DSCR
$1,478
Rent
-$422
Cashflow
Cash Flow
$1,478 income − $1,900 expenses = $422 out of pocket
Investment Breakdown
|
Purchase Price
$204k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,840
Downpayment
20%
$40,800
Closing costs
1%
$2,040
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,478
Total Expenses
$1,900
Mortgage P&I
76%
$1,130
Property Taxes
21%
$311
Home Insurance
5%
$74
HOA
0%
$0
Property Management
10%
$148
CapEx
5%
$74
Vacancy
6%
$89
Maintenance
5%
$74
Other
0%
$0