This property looks like a bad Long-Term investment with a projected -7.56% first-year return on $40,005 initial cash invested.
-7.56%
Cash On Cash
5.52%
Cap Rate
0.82
DSCR
$1,243
Rent
-$252
Cashflow
Cash Flow
$1,243 income − $1,495 expenses = $252 out of pocket
Investment Breakdown
|
Purchase Price
$191k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$40,005
Downpayment
20%
$38,100
Closing costs
1%
$1,905
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,243
Total Expenses
$1,495
Mortgage P&I
86%
$1,066
Property Taxes
3%
$36
Home Insurance
6%
$70
HOA
0%
$0
Property Management
10%
$124
CapEx
5%
$62
Vacancy
6%
$75
Maintenance
5%
$62
Other
0%
$0