This property looks like a bad Long-Term investment with a projected -8.25% first-year return on $40,740 initial cash invested.
-8.25%
Cash On Cash
5.45%
Cap Rate
0.81
DSCR
$1,423
Rent
-$280
Cashflow
Cash Flow
$1,423 income − $1,703 expenses = $280 out of pocket
Investment Breakdown
|
Purchase Price
$194k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$40,740
Downpayment
20%
$38,800
Closing costs
1%
$1,940
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,423
Total Expenses
$1,703
Mortgage P&I
77%
$1,090
Property Taxes
12%
$176
Home Insurance
5%
$68
HOA
0%
$0
Property Management
10%
$142
CapEx
5%
$71
Vacancy
6%
$85
Maintenance
5%
$71
Other
0%
$0