This property looks like a bad Long-Term investment with a projected -5.6% first-year return on $41,580 initial cash invested.
-5.6%
Cash On Cash
6.02%
Cap Rate
0.89
DSCR
$1,517
Rent
-$194
Cashflow
Cash Flow
$1,517 income − $1,711 expenses = $194 out of pocket
Investment Breakdown
|
Purchase Price
$198k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,580
Downpayment
20%
$39,600
Closing costs
1%
$1,980
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,517
Total Expenses
$1,711
Mortgage P&I
73%
$1,112
Property Taxes
9%
$135
Home Insurance
5%
$69
HOA
0%
$0
Property Management
10%
$152
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0