This property looks like a bad Long-Term investment with a projected -4.45% first-year return on $42,840 initial cash invested.
-4.45%
Cash On Cash
6.32%
Cap Rate
0.94
DSCR
$1,821
Rent
-$159
Cashflow
Cash Flow
$1,821 income − $1,980 expenses = $159 out of pocket
Investment Breakdown
|
Purchase Price
$204k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,840
Downpayment
20%
$40,800
Closing costs
1%
$2,040
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,821
Total Expenses
$1,980
Mortgage P&I
63%
$1,142
Property Taxes
16%
$291
Home Insurance
4%
$74
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0