This property looks like a bad Long-Term investment with a projected -3.6% first-year return on $40,950 initial cash invested.
-3.6%
Cash On Cash
6.44%
Cap Rate
0.96
DSCR
$1,534
Rent
-$123
Cashflow
Cash Flow
$1,534 income − $1,657 expenses = $123 out of pocket
Investment Breakdown
|
Purchase Price
$195k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,534
Total Expenses
$1,657
Mortgage P&I
71%
$1,092
Property Taxes
6%
$98
Home Insurance
4%
$68
HOA
0%
$0
Property Management
10%
$153
CapEx
5%
$77
Vacancy
6%
$92
Maintenance
5%
$77
Other
0%
$0