This property looks like a bad Long-Term investment with a projected -8.44% first-year return on $39,396 initial cash invested.
-8.44%
Cash On Cash
5.48%
Cap Rate
0.81
DSCR
$1,622
Rent
-$277
Cashflow
Cash Flow
$1,622 income − $1,899 expenses = $277 out of pocket
Investment Breakdown
|
Purchase Price
$188k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$39,396
Downpayment
20%
$37,520
Closing costs
1%
$1,876
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,622
Total Expenses
$1,899
Mortgage P&I
65%
$1,053
Property Taxes
22%
$359
Home Insurance
4%
$66
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0