This property looks like a bad Long-Term investment with a projected -5.68% first-year return on $39,900 initial cash invested.
-5.68%
Cash On Cash
5.62%
Cap Rate
0.88
DSCR
$1,289
Rent
-$189
Cashflow
Cash Flow
$1,289 income − $1,478 expenses = $189 out of pocket
Investment Breakdown
|
Purchase Price
$190k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$39,900
Downpayment
20%
$38,000
Closing costs
1%
$1,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,289
Total Expenses
$1,478
Mortgage P&I
79%
$1,015
Property Taxes
5%
$63
Home Insurance
5%
$66
HOA
0%
$0
Property Management
10%
$129
CapEx
5%
$64
Vacancy
6%
$77
Maintenance
5%
$64
Other
0%
$0