This property looks like a bad Long-Term investment with a projected -2% first-year return on $42,630 initial cash invested.
-2%
Cash On Cash
6.86%
Cap Rate
1.02
DSCR
$1,884
Rent
-$71
Cashflow
Cash Flow
$1,884 income − $1,955 expenses = $71 out of pocket
Investment Breakdown
|
Purchase Price
$203k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,630
Downpayment
20%
$40,600
Closing costs
1%
$2,030
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,884
Total Expenses
$1,955
Mortgage P&I
60%
$1,137
Property Taxes
14%
$268
Home Insurance
3%
$61
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0