This property looks like a bad Long-Term investment with a projected -4.62% first-year return on $39,480 initial cash invested.
-4.62%
Cash On Cash
6.31%
Cap Rate
0.93
DSCR
$1,590
Rent
-$152
Cashflow
Cash Flow
$1,590 income − $1,742 expenses = $152 out of pocket
Investment Breakdown
|
Purchase Price
$188k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$39,480
Downpayment
20%
$37,600
Closing costs
1%
$1,880
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,590
Total Expenses
$1,742
Mortgage P&I
67%
$1,060
Property Taxes
13%
$202
Home Insurance
4%
$66
HOA
0%
$0
Property Management
10%
$159
CapEx
5%
$80
Vacancy
6%
$95
Maintenance
5%
$80
Other
0%
$0