This property looks like a bad Long-Term investment with a projected -5.88% first-year return on $39,564 initial cash invested.
-5.88%
Cash On Cash
5.82%
Cap Rate
0.88
DSCR
$1,312
Rent
-$194
Cashflow
Cash Flow
$1,312 income − $1,506 expenses = $194 out of pocket
Investment Breakdown
|
Purchase Price
$188k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$39,564
Downpayment
20%
$37,680
Closing costs
1%
$1,884
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,312
Total Expenses
$1,506
Mortgage P&I
79%
$1,041
Property Taxes
5%
$63
Home Insurance
5%
$60
HOA
0%
$0
Property Management
10%
$131
CapEx
5%
$66
Vacancy
6%
$79
Maintenance
5%
$66
Other
0%
$0