This property looks like a bad Long-Term investment with a projected -5.78% first-year return on $42,987 initial cash invested.
-5.78%
Cash On Cash
5.87%
Cap Rate
0.88
DSCR
$1,508
Rent
-$207
Cashflow
Cash Flow
$1,508 income − $1,715 expenses = $207 out of pocket
Investment Breakdown
|
Purchase Price
$205k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,987
Downpayment
20%
$40,940
Closing costs
1%
$2,047
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,508
Total Expenses
$1,715
Mortgage P&I
75%
$1,133
Property Taxes
8%
$125
Home Insurance
4%
$66
HOA
0%
$0
Property Management
10%
$151
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0