This property looks like a bad Long-Term investment with a projected -3.02% first-year return on $41,349 initial cash invested.
-3.02%
Cash On Cash
6.45%
Cap Rate
0.98
DSCR
$1,535
Rent
-$104
Cashflow
Cash Flow
$1,535 income − $1,639 expenses = $104 out of pocket
Investment Breakdown
|
Purchase Price
$197k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,349
Downpayment
20%
$39,380
Closing costs
1%
$1,969
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,535
Total Expenses
$1,639
Mortgage P&I
71%
$1,085
Property Taxes
5%
$82
Home Insurance
5%
$72
HOA
0%
$0
Property Management
10%
$154
CapEx
5%
$77
Vacancy
6%
$92
Maintenance
5%
$77
Other
0%
$0