This property looks like a bad Long-Term investment with a projected -11.58% first-year return on $39,690 initial cash invested.
-11.58%
Cash On Cash
4.53%
Cap Rate
0.68
DSCR
$1,039
Rent
-$383
Cashflow
Cash Flow
$1,039 income − $1,422 expenses = $383 out of pocket
Investment Breakdown
|
Purchase Price
$189k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$39,690
Downpayment
20%
$37,800
Closing costs
1%
$1,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,039
Total Expenses
$1,422
Mortgage P&I
100%
$1,044
Property Taxes
4%
$42
Home Insurance
6%
$66
HOA
0%
$0
Property Management
10%
$104
CapEx
5%
$52
Vacancy
6%
$62
Maintenance
5%
$52
Other
0%
$0