This property looks like a bad Long-Term investment with a projected -2.32% first-year return on $40,425 initial cash invested.
-2.32%
Cash On Cash
6.73%
Cap Rate
1
DSCR
$1,645
Rent
-$78
Cashflow
Cash Flow
$1,645 income − $1,723 expenses = $78 out of pocket
Investment Breakdown
|
Purchase Price
$193k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$40,425
Downpayment
20%
$38,500
Closing costs
1%
$1,925
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,645
Total Expenses
$1,723
Mortgage P&I
65%
$1,075
Property Taxes
9%
$153
Home Insurance
4%
$68
HOA
0%
$0
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$99
Maintenance
5%
$82
Other
0%
$0