This property looks like a bad Long-Term investment with a projected -6.58% first-year return on $41,244 initial cash invested.
-6.58%
Cash On Cash
5.59%
Cap Rate
0.86
DSCR
$1,442
Rent
-$226
Cashflow
Cash Flow
$1,442 income − $1,668 expenses = $226 out of pocket
Investment Breakdown
|
Purchase Price
$196k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,244
Downpayment
20%
$39,280
Closing costs
1%
$1,964
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,442
Total Expenses
$1,668
Mortgage P&I
74%
$1,069
Property Taxes
12%
$172
Home Insurance
4%
$52
HOA
0%
$0
Property Management
10%
$144
CapEx
5%
$72
Vacancy
6%
$87
Maintenance
5%
$72
Other
0%
$0