This property looks like a bad Long-Term investment with a projected -4.4% first-year return on $40,950 initial cash invested.
-4.4%
Cash On Cash
5.98%
Cap Rate
0.94
DSCR
$1,771
Rent
-$150
Cashflow
Cash Flow
$1,771 income − $1,921 expenses = $150 out of pocket
Investment Breakdown
|
Purchase Price
$195k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$40,950
Downpayment
20%
$39,000
Closing costs
1%
$1,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,771
Total Expenses
$1,921
Mortgage P&I
58%
$1,032
Property Taxes
20%
$358
Home Insurance
4%
$70
HOA
0%
$0
Property Management
10%
$177
CapEx
5%
$89
Vacancy
6%
$106
Maintenance
5%
$89
Other
0%
$0