This property looks like a bad Long-Term investment with a projected -9% first-year return on $41,349 initial cash invested.
-9%
Cash On Cash
5.29%
Cap Rate
0.79
DSCR
$1,536
Rent
-$310
Cashflow
Cash Flow
$1,536 income − $1,846 expenses = $310 out of pocket
Investment Breakdown
|
Purchase Price
$197k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,349
Downpayment
20%
$39,380
Closing costs
1%
$1,969
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,536
Total Expenses
$1,846
Mortgage P&I
72%
$1,101
Property Taxes
18%
$275
Home Insurance
5%
$70
HOA
0%
$0
Property Management
10%
$154
CapEx
5%
$77
Vacancy
6%
$92
Maintenance
5%
$77
Other
0%
$0