This property looks like a bad Long-Term investment with a projected -5.54% first-year return on $41,181 initial cash invested.
-5.54%
Cash On Cash
5.75%
Cap Rate
0.89
DSCR
$1,456
Rent
-$190
Cashflow
Cash Flow
$1,456 income − $1,646 expenses = $190 out of pocket
Investment Breakdown
|
Purchase Price
$196k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,181
Downpayment
20%
$39,220
Closing costs
1%
$1,961
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,456
Total Expenses
$1,646
Mortgage P&I
73%
$1,057
Property Taxes
10%
$140
Home Insurance
5%
$70
HOA
0%
$0
Property Management
10%
$146
CapEx
5%
$73
Vacancy
6%
$87
Maintenance
5%
$73
Other
0%
$0