This property looks like a bad Long-Term investment with a projected -3.76% first-year return on $41,160 initial cash invested.
-3.76%
Cash On Cash
6.18%
Cap Rate
0.95
DSCR
$1,454
Rent
-$129
Cashflow
Cash Flow
$1,454 income − $1,583 expenses = $129 out of pocket
Investment Breakdown
|
Purchase Price
$196k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,160
Downpayment
20%
$39,200
Closing costs
1%
$1,960
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,454
Total Expenses
$1,583
Mortgage P&I
73%
$1,065
Property Taxes
5%
$71
Home Insurance
5%
$69
HOA
0%
$0
Property Management
10%
$145
CapEx
5%
$73
Vacancy
6%
$87
Maintenance
5%
$73
Other
0%
$0