This property looks like a bad Long-Term investment with a projected -5.98% first-year return on $42,924 initial cash invested.
-5.98%
Cash On Cash
5.96%
Cap Rate
0.88
DSCR
$1,453
Rent
-$214
Cashflow
Cash Flow
$1,453 income − $1,667 expenses = $214 out of pocket
Investment Breakdown
|
Purchase Price
$204k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,924
Downpayment
20%
$40,880
Closing costs
1%
$2,044
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,453
Total Expenses
$1,667
Mortgage P&I
80%
$1,157
Property Taxes
4%
$58
Home Insurance
5%
$74
HOA
0%
$0
Property Management
10%
$145
CapEx
5%
$73
Vacancy
6%
$87
Maintenance
5%
$73
Other
0%
$0