This property looks like a bad Long-Term investment with a projected -8.04% first-year return on $40,299 initial cash invested.
-8.04%
Cash On Cash
5.46%
Cap Rate
0.83
DSCR
$1,744
Rent
-$270
Cashflow
Cash Flow
$1,744 income − $2,014 expenses = $270 out of pocket
Investment Breakdown
|
Purchase Price
$192k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$40,299
Downpayment
20%
$38,380
Closing costs
1%
$1,919
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,744
Total Expenses
$2,014
Mortgage P&I
61%
$1,056
Property Taxes
23%
$407
Home Insurance
6%
$98
HOA
0%
$0
Property Management
10%
$174
CapEx
5%
$87
Vacancy
6%
$105
Maintenance
5%
$87
Other
0%
$0