This property looks like a bad Long-Term investment with a projected -3.85% first-year return on $40,866 initial cash invested.
-3.85%
Cash On Cash
6.22%
Cap Rate
0.96
DSCR
$1,706
Rent
-$131
Cashflow
Cash Flow
$1,706 income − $1,837 expenses = $131 out of pocket
Investment Breakdown
|
Purchase Price
$195k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$40,866
Downpayment
20%
$38,920
Closing costs
1%
$1,946
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,706
Total Expenses
$1,837
Mortgage P&I
62%
$1,055
Property Taxes
16%
$273
Home Insurance
4%
$66
HOA
0%
$0
Property Management
10%
$171
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0