This property looks like a bad Long-Term investment with a projected -2.18% first-year return on $39,690 initial cash invested.
-2.18%
Cash On Cash
6.71%
Cap Rate
1
DSCR
$1,538
Rent
-$72
Cashflow
Cash Flow
$1,538 income − $1,610 expenses = $72 out of pocket
Investment Breakdown
|
Purchase Price
$189k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$39,690
Downpayment
20%
$37,800
Closing costs
1%
$1,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,538
Total Expenses
$1,610
Mortgage P&I
68%
$1,052
Property Taxes
6%
$92
Home Insurance
4%
$66
HOA
0%
$0
Property Management
10%
$154
CapEx
5%
$77
Vacancy
6%
$92
Maintenance
5%
$77
Other
0%
$0