This property looks like a bad Long-Term investment with a projected -2.58% first-year return on $41,790 initial cash invested.
-2.58%
Cash On Cash
6.71%
Cap Rate
0.99
DSCR
$1,505
Rent
-$90
Cashflow
Cash Flow
$1,505 income − $1,595 expenses = $90 out of pocket
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,790
Downpayment
20%
$39,800
Closing costs
1%
$1,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,505
Total Expenses
$1,595
Mortgage P&I
75%
$1,127
Property Taxes
1%
$8
Home Insurance
5%
$70
HOA
0%
$0
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0