This property looks like a bad Long-Term investment with a projected -11.72% first-year return on $40,656 initial cash invested.
-11.72%
Cash On Cash
4.28%
Cap Rate
0.67
DSCR
$990
Rent
-$397
Cashflow
Cash Flow
$990 income − $1,387 expenses = $397 out of pocket
Investment Breakdown
|
Purchase Price
$194k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$40,656
Downpayment
20%
$38,720
Closing costs
1%
$1,936
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$990
Total Expenses
$1,387
Mortgage P&I
105%
$1,037
Property Taxes
2%
$22
Home Insurance
7%
$70
HOA
0%
$0
Property Management
10%
$99
CapEx
5%
$50
Vacancy
6%
$59
Maintenance
5%
$50
Other
0%
$0