This property looks like a bad Long-Term investment with a projected -0.9% first-year return on $40,173 initial cash invested.
-0.9%
Cash On Cash
7.15%
Cap Rate
1.06
DSCR
$1,975
Rent
-$30
Cashflow
Cash Flow
$1,975 income − $2,005 expenses = $30 out of pocket
Investment Breakdown
|
Purchase Price
$191k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$40,173
Downpayment
20%
$38,260
Closing costs
1%
$1,913
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,975
Total Expenses
$2,005
Mortgage P&I
54%
$1,071
Property Taxes
18%
$354
Home Insurance
3%
$66
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$118
Maintenance
5%
$99
Other
0%
$0