This property looks like a bad Long-Term investment with a projected -3.69% first-year return on $39,690 initial cash invested.
-3.69%
Cash On Cash
6.41%
Cap Rate
0.96
DSCR
$1,568
Rent
-$122
Cashflow
Cash Flow
$1,568 income − $1,690 expenses = $122 out of pocket
Investment Breakdown
|
Purchase Price
$189k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,568
Total Expenses
$1,690
Mortgage P&I
67%
$1,054
Property Taxes
10%
$163
Home Insurance
4%
$66
HOA
0%
$0
Property Management
10%
$157
CapEx
5%
$78
Vacancy
6%
$94
Maintenance
5%
$78
Other
0%
$0