This property looks like a bad Long-Term investment with a projected -3.02% first-year return on $39,711 initial cash invested.
-3.02%
Cash On Cash
6.54%
Cap Rate
0.98
DSCR
$1,551
Rent
-$100
Cashflow
Cash Flow
$1,551 income − $1,651 expenses = $100 out of pocket
Investment Breakdown
|
Purchase Price
$189k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$39,711
Downpayment
20%
$37,820
Closing costs
1%
$1,891
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,551
Total Expenses
$1,651
Mortgage P&I
68%
$1,053
Property Taxes
8%
$131
Home Insurance
4%
$63
HOA
0%
$0
Property Management
10%
$155
CapEx
5%
$78
Vacancy
6%
$93
Maintenance
5%
$78
Other
0%
$0