This property looks like a bad Long-Term investment with a projected -13.8% first-year return on $41,811 initial cash invested.
-13.8%
Cash On Cash
3.97%
Cap Rate
0.61
DSCR
$1,330
Rent
-$481
Cashflow
Cash Flow
$1,330 income − $1,811 expenses = $481 out of pocket
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,811
Downpayment
20%
$39,820
Closing costs
1%
$1,991
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,330
Total Expenses
$1,811
Mortgage P&I
81%
$1,074
Property Taxes
26%
$340
Home Insurance
4%
$52
HOA
0%
$0
Property Management
10%
$133
CapEx
5%
$66
Vacancy
6%
$80
Maintenance
5%
$66
Other
0%
$0