This property looks like a bad Long-Term investment with a projected -5.82% first-year return on $40,845 initial cash invested.
-5.82%
Cash On Cash
5.63%
Cap Rate
0.88
DSCR
$1,391
Rent
-$198
Cashflow
Cash Flow
$1,391 income − $1,589 expenses = $198 out of pocket
Investment Breakdown
|
Purchase Price
$195k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$40,845
Downpayment
20%
$38,900
Closing costs
1%
$1,945
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,391
Total Expenses
$1,589
Mortgage P&I
75%
$1,040
Property Taxes
8%
$117
Home Insurance
5%
$70
HOA
0%
$0
Property Management
10%
$139
CapEx
5%
$70
Vacancy
6%
$83
Maintenance
5%
$70
Other
0%
$0