This property looks like a bad Long-Term investment with a projected -4.28% first-year return on $42,945 initial cash invested.
-4.28%
Cash On Cash
6.23%
Cap Rate
0.94
DSCR
$1,758
Rent
-$153
Cashflow
Cash Flow
$1,758 income − $1,911 expenses = $153 out of pocket
Investment Breakdown
|
Purchase Price
$205k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,945
Downpayment
20%
$40,900
Closing costs
1%
$2,045
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,758
Total Expenses
$1,911
Mortgage P&I
64%
$1,126
Property Taxes
15%
$256
Home Insurance
4%
$72
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$105
Maintenance
5%
$88
Other
0%
$0