This property looks like a bad Long-Term investment with a projected -3.13% first-year return on $39,879 initial cash invested.
-3.13%
Cash On Cash
6.55%
Cap Rate
0.97
DSCR
$1,501
Rent
-$104
Cashflow
Cash Flow
$1,501 income − $1,605 expenses = $104 out of pocket
Investment Breakdown
|
Purchase Price
$190k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$39,879
Downpayment
20%
$37,980
Closing costs
1%
$1,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,501
Total Expenses
$1,605
Mortgage P&I
71%
$1,065
Property Taxes
6%
$84
Home Insurance
4%
$66
HOA
0%
$0
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0