This property looks like a bad Long-Term investment with a projected -6.29% first-year return on $39,900 initial cash invested.
-6.29%
Cash On Cash
5.75%
Cap Rate
0.86
DSCR
$1,295
Rent
-$209
Cashflow
Cash Flow
$1,295 income − $1,504 expenses = $209 out of pocket
Investment Breakdown
|
Purchase Price
$190k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,295
Total Expenses
$1,504
Mortgage P&I
81%
$1,054
Property Taxes
4%
$46
Home Insurance
5%
$66
HOA
0%
$0
Property Management
10%
$130
CapEx
5%
$65
Vacancy
6%
$78
Maintenance
5%
$65
Other
0%
$0