This property looks like a bad Long-Term investment with a projected -2.69% first-year return on $39,711 initial cash invested.
-2.69%
Cash On Cash
6.51%
Cap Rate
0.99
DSCR
$1,637
Rent
-$89
Cashflow
Cash Flow
$1,637 income − $1,726 expenses = $89 out of pocket
Investment Breakdown
|
Purchase Price
$189k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$39,711
Downpayment
20%
$37,820
Closing costs
1%
$1,891
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,637
Total Expenses
$1,726
Mortgage P&I
63%
$1,033
Property Taxes
12%
$199
Home Insurance
4%
$68
HOA
0%
$0
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0