This property looks like a bad Long-Term investment with a projected -1.76% first-year return on $39,438 initial cash invested.
-1.76%
Cash On Cash
6.87%
Cap Rate
1.02
DSCR
$1,563
Rent
-$58
Cashflow
Cash Flow
$1,563 income − $1,621 expenses = $58 out of pocket
Investment Breakdown
|
Purchase Price
$188k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$39,438
Downpayment
20%
$37,560
Closing costs
1%
$1,878
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,563
Total Expenses
$1,621
Mortgage P&I
68%
$1,055
Property Taxes
6%
$94
Home Insurance
4%
$66
HOA
0%
$0
Property Management
10%
$156
CapEx
5%
$78
Vacancy
6%
$94
Maintenance
5%
$78
Other
0%
$0