This property looks like a bad Long-Term investment with a projected -12.78% first-year return on $41,790 initial cash invested.
-12.78%
Cash On Cash
4.37%
Cap Rate
0.66
DSCR
$1,356
Rent
-$445
Cashflow
Cash Flow
$1,356 income − $1,801 expenses = $445 out of pocket
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,790
Downpayment
20%
$39,800
Closing costs
1%
$1,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,356
Total Expenses
$1,801
Mortgage P&I
81%
$1,102
Property Taxes
20%
$276
Home Insurance
5%
$70
HOA
0%
$0
Property Management
10%
$136
CapEx
5%
$68
Vacancy
6%
$81
Maintenance
5%
$68
Other
0%
$0