This property looks like a bad Long-Term investment with a projected -9.85% first-year return on $42,651 initial cash invested.
-9.85%
Cash On Cash
5.09%
Cap Rate
0.76
DSCR
$1,690
Rent
-$350
Cashflow
Cash Flow
$1,690 income − $2,040 expenses = $350 out of pocket
Investment Breakdown
|
Purchase Price
$203k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,651
Downpayment
20%
$40,620
Closing costs
1%
$2,031
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,690
Total Expenses
$2,040
Mortgage P&I
67%
$1,128
Property Taxes
24%
$400
Home Insurance
4%
$74
HOA
0%
$0
Property Management
10%
$169
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0