This property looks like a bad Long-Term investment with a projected -0.21% first-year return on $39,648 initial cash invested.
-0.21%
Cash On Cash
7%
Cap Rate
1.08
DSCR
$1,819
Rent
-$7
Cashflow
Cash Flow
$1,819 income − $1,826 expenses = $7 out of pocket
Investment Breakdown
|
Purchase Price
$189k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$39,648
Downpayment
20%
$37,760
Closing costs
1%
$1,888
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,819
Total Expenses
$1,826
Mortgage P&I
56%
$1,018
Property Taxes
15%
$270
Home Insurance
4%
$65
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0