This property looks like a bad Long-Term investment with a projected -10.36% first-year return on $39,375 initial cash invested.
-10.36%
Cash On Cash
4.66%
Cap Rate
0.73
DSCR
$1,274
Rent
-$340
Cashflow
Cash Flow
$1,274 income − $1,614 expenses = $340 out of pocket
Investment Breakdown
|
Purchase Price
$188k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$39,375
Downpayment
20%
$37,500
Closing costs
1%
$1,875
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,274
Total Expenses
$1,614
Mortgage P&I
79%
$1,004
Property Taxes
17%
$213
Home Insurance
5%
$66
HOA
0%
$0
Property Management
10%
$127
CapEx
5%
$64
Vacancy
6%
$76
Maintenance
5%
$64
Other
0%
$0