This property looks like a bad Long-Term investment with a projected -5.8% first-year return on $40,110 initial cash invested.
-5.8%
Cash On Cash
5.69%
Cap Rate
0.88
DSCR
$1,420
Rent
-$194
Cashflow
Cash Flow
$1,420 income − $1,614 expenses = $194 out of pocket
Investment Breakdown
|
Purchase Price
$191k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$40,110
Downpayment
20%
$38,200
Closing costs
1%
$1,910
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,420
Total Expenses
$1,614
Mortgage P&I
72%
$1,029
Property Taxes
7%
$104
Home Insurance
5%
$67
HOA
3%
$45
Property Management
10%
$142
CapEx
5%
$71
Vacancy
6%
$85
Maintenance
5%
$71
Other
0%
$0