This property looks like a bad Long-Term investment with a projected -3.2% first-year return on $39,690 initial cash invested.
-3.2%
Cash On Cash
5.98%
Cap Rate
0.96
DSCR
$1,339
Rent
-$106
Cashflow
Cash Flow
$1,339 income − $1,445 expenses = $106 out of pocket
Investment Breakdown
|
Purchase Price
$189k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$39,690
Downpayment
20%
$37,800
Closing costs
1%
$1,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,339
Total Expenses
$1,445
Mortgage P&I
73%
$981
Property Taxes
4%
$50
Home Insurance
5%
$66
HOA
0%
$0
Property Management
10%
$134
CapEx
5%
$67
Vacancy
6%
$80
Maintenance
5%
$67
Other
0%
$0