This property looks like a bad Long-Term investment with a projected -2.41% first-year return on $39,879 initial cash invested.
-2.41%
Cash On Cash
6.72%
Cap Rate
1
DSCR
$1,585
Rent
-$80
Cashflow
Cash Flow
$1,585 income − $1,665 expenses = $80 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
$1,585
Total Expenses
$1,665
Mortgage P&I
67%
$1,064
Property Taxes
8%
$124
Home Insurance
4%
$66
HOA
0%
$0
Property Management
10%
$158
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0