This property looks like a bad Long-Term investment with a projected -3.4% first-year return on $41,328 initial cash invested.
-3.4%
Cash On Cash
6.59%
Cap Rate
0.97
DSCR
$1,759
Rent
-$117
Cashflow
Cash Flow
$1,759 income − $1,876 expenses = $117 out of pocket
Investment Breakdown
|
Purchase Price
$197k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,328
Downpayment
20%
$39,360
Closing costs
1%
$1,968
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,759
Total Expenses
$1,876
Mortgage P&I
63%
$1,110
Property Taxes
14%
$238
Home Insurance
4%
$70
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0