This property looks like a bad Long-Term investment with a projected -8.26% first-year return on $42,693 initial cash invested.
-8.26%
Cash On Cash
5.27%
Cap Rate
0.81
DSCR
$1,671
Rent
-$294
Cashflow
Cash Flow
$1,671 income − $1,965 expenses = $294 out of pocket
Investment Breakdown
|
Purchase Price
$203k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,693
Downpayment
20%
$40,660
Closing costs
1%
$2,033
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,671
Total Expenses
$1,965
Mortgage P&I
66%
$1,102
Property Taxes
21%
$354
Home Insurance
4%
$74
HOA
0%
$0
Property Management
10%
$167
CapEx
5%
$84
Vacancy
6%
$100
Maintenance
5%
$84
Other
0%
$0