This property looks like a bad Long-Term investment with a projected -2.56% first-year return on $41,643 initial cash invested.
-2.56%
Cash On Cash
6.69%
Cap Rate
0.99
DSCR
$1,669
Rent
-$89
Cashflow
Cash Flow
$1,669 income − $1,758 expenses = $89 out of pocket
Investment Breakdown
|
Purchase Price
$198k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,643
Downpayment
20%
$39,660
Closing costs
1%
$1,983
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,669
Total Expenses
$1,758
Mortgage P&I
67%
$1,112
Property Taxes
9%
$143
Home Insurance
4%
$70
HOA
0%
$0
Property Management
10%
$167
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0