This property looks like a bad Long-Term investment with a projected -3.7% first-year return on $40,845 initial cash invested.
-3.7%
Cash On Cash
6.21%
Cap Rate
0.95
DSCR
$1,556
Rent
-$126
Cashflow
Cash Flow
$1,556 income − $1,682 expenses = $126 out of pocket
Investment Breakdown
|
Purchase Price
$195k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$40,845
Downpayment
20%
$38,900
Closing costs
1%
$1,945
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,556
Total Expenses
$1,682
Mortgage P&I
68%
$1,054
Property Taxes
10%
$153
Home Insurance
5%
$70
HOA
0%
$0
Property Management
10%
$156
CapEx
5%
$78
Vacancy
6%
$93
Maintenance
5%
$78
Other
0%
$0