This property looks like a bad Long-Term investment with a projected -5.18% first-year return on $41,475 initial cash invested.
-5.18%
Cash On Cash
5.85%
Cap Rate
0.91
DSCR
$1,560
Rent
-$179
Cashflow
Cash Flow
$1,560 income − $1,739 expenses = $179 out of pocket
Investment Breakdown
|
Purchase Price
$198k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,475
Downpayment
20%
$39,500
Closing costs
1%
$1,975
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,560
Total Expenses
$1,739
Mortgage P&I
68%
$1,064
Property Taxes
12%
$189
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$156
CapEx
5%
$78
Vacancy
6%
$94
Maintenance
5%
$78
Other
0%
$0