This property looks like a bad Long-Term investment with a projected -3.88% first-year return on $41,706 initial cash invested.
-3.88%
Cash On Cash
6.46%
Cap Rate
0.97
DSCR
$2,027
Rent
-$135
Cashflow
Cash Flow
$2,027 income − $2,162 expenses = $135 out of pocket
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,706
Downpayment
20%
$39,720
Closing costs
1%
$1,986
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,027
Total Expenses
$2,162
Mortgage P&I
54%
$1,103
Property Taxes
23%
$462
Home Insurance
3%
$70
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$101
Vacancy
6%
$122
Maintenance
5%
$101
Other
0%
$0