This property looks like a bad Long-Term investment with a projected -3.13% first-year return on $39,900 initial cash invested.
-3.13%
Cash On Cash
6.27%
Cap Rate
0.98
DSCR
$1,615
Rent
-$104
Cashflow
Cash Flow
$1,615 income − $1,719 expenses = $104 out of pocket
Investment Breakdown
|
Purchase Price
$190k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$39,900
Downpayment
20%
$38,000
Closing costs
1%
$1,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,615
Total Expenses
$1,719
Mortgage P&I
63%
$1,015
Property Taxes
13%
$217
Home Insurance
4%
$66
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0