This property looks like a bad Long-Term investment with a projected -12.83% first-year return on $41,139 initial cash invested.
-12.83%
Cash On Cash
4.32%
Cap Rate
0.65
DSCR
$1,130
Rent
-$440
Cashflow
Cash Flow
$1,130 income − $1,570 expenses = $440 out of pocket
Investment Breakdown
|
Purchase Price
$196k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,139
Downpayment
20%
$39,180
Closing costs
1%
$1,959
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,130
Total Expenses
$1,570
Mortgage P&I
96%
$1,089
Property Taxes
11%
$119
Home Insurance
6%
$69
HOA
0%
$0
Property Management
10%
$113
CapEx
5%
$56
Vacancy
6%
$68
Maintenance
5%
$56
Other
0%
$0