This property looks like a bad Long-Term investment with a projected -6.58% first-year return on $41,790 initial cash invested.
-6.58%
Cash On Cash
5.49%
Cap Rate
0.84
DSCR
$1,246
Rent
-$229
Cashflow
Cash Flow
$1,246 income − $1,475 expenses = $229 out of pocket
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,790
Downpayment
20%
$39,800
Closing costs
1%
$1,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,246
Total Expenses
$1,475
Mortgage P&I
86%
$1,077
Property Taxes
0%
$4
Home Insurance
6%
$70
HOA
0%
$0
Property Management
10%
$125
CapEx
5%
$62
Vacancy
6%
$75
Maintenance
5%
$62
Other
0%
$0