This property looks like a bad Long-Term investment with a projected -2.23% first-year return on $40,320 initial cash invested.
-2.23%
Cash On Cash
6.14%
Cap Rate
0.99
DSCR
$1,361
Rent
-$75
Cashflow
Cash Flow
$1,361 income − $1,436 expenses = $75 out of pocket
Investment Breakdown
|
Purchase Price
$192k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$40,320
Downpayment
20%
$38,400
Closing costs
1%
$1,920
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,361
Total Expenses
$1,436
Mortgage P&I
73%
$990
Property Taxes
2%
$25
Home Insurance
5%
$67
HOA
0%
$0
Property Management
10%
$136
CapEx
5%
$68
Vacancy
6%
$82
Maintenance
5%
$68
Other
0%
$0