This property looks like a bad Long-Term investment with a projected -3.02% first-year return on $41,769 initial cash invested.
-3.02%
Cash On Cash
6.55%
Cap Rate
0.99
DSCR
$1,812
Rent
-$105
Cashflow
Cash Flow
$1,812 income − $1,917 expenses = $105 out of pocket
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,769
Downpayment
20%
$39,780
Closing costs
1%
$1,989
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,812
Total Expenses
$1,917
Mortgage P&I
61%
$1,100
Property Taxes
15%
$268
Home Insurance
4%
$77
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0