This property looks like a bad Long-Term investment with a projected -1.82% first-year return on $41,475 initial cash invested.
-1.82%
Cash On Cash
6.33%
Cap Rate
1.01
DSCR
$1,567
Rent
-$63
Cashflow
Cash Flow
$1,567 income − $1,630 expenses = $63 out of pocket
Investment Breakdown
|
Purchase Price
$198k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,475
Downpayment
20%
$39,500
Closing costs
1%
$1,975
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,567
Total Expenses
$1,630
Mortgage P&I
66%
$1,027
Property Taxes
8%
$118
Home Insurance
4%
$70
HOA
1%
$8
Property Management
10%
$157
CapEx
5%
$78
Vacancy
6%
$94
Maintenance
5%
$78
Other
0%
$0