This property looks like a bad Long-Term investment with a projected -4.88% first-year return on $41,307 initial cash invested.
-4.88%
Cash On Cash
5.78%
Cap Rate
0.91
DSCR
$1,402
Rent
-$168
Cashflow
Cash Flow
$1,402 income − $1,570 expenses = $168 out of pocket
Investment Breakdown
|
Purchase Price
$197k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,307
Downpayment
20%
$39,340
Closing costs
1%
$1,967
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,402
Total Expenses
$1,570
Mortgage P&I
75%
$1,046
Property Taxes
6%
$90
Home Insurance
5%
$70
HOA
0%
$0
Property Management
10%
$140
CapEx
5%
$70
Vacancy
6%
$84
Maintenance
5%
$70
Other
0%
$0