This property looks like a bad Long-Term investment with a projected -7.06% first-year return on $41,790 initial cash invested.
-7.06%
Cash On Cash
5.78%
Cap Rate
0.86
DSCR
$1,734
Rent
-$246
Cashflow
Cash Flow
$1,734 income − $1,980 expenses = $246 out of pocket
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,734
Total Expenses
$1,980
Mortgage P&I
64%
$1,117
Property Taxes
20%
$342
Home Insurance
4%
$70
HOA
0%
$0
Property Management
10%
$173
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0