This property looks like a bad Long-Term investment with a projected -7.1% first-year return on $42,609 initial cash invested.
-7.1%
Cash On Cash
5.36%
Cap Rate
0.84
DSCR
$1,458
Rent
-$252
Cashflow
Cash Flow
$1,458 income − $1,710 expenses = $252 out of pocket
Investment Breakdown
|
Purchase Price
$203k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,609
Downpayment
20%
$40,580
Closing costs
1%
$2,029
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,458
Total Expenses
$1,710
Mortgage P&I
74%
$1,085
Property Taxes
10%
$152
Home Insurance
6%
$94
HOA
0%
$0
Property Management
10%
$146
CapEx
5%
$73
Vacancy
6%
$87
Maintenance
5%
$73
Other
0%
$0