This property looks like a bad Long-Term investment with a projected -1.94% first-year return on $39,585 initial cash invested.
-1.94%
Cash On Cash
6.65%
Cap Rate
1.02
DSCR
$1,591
Rent
-$64
Cashflow
Cash Flow
$1,591 income − $1,655 expenses = $64 out of pocket
Investment Breakdown
|
Purchase Price
$189k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$39,585
Downpayment
20%
$37,700
Closing costs
1%
$1,885
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,591
Total Expenses
$1,655
Mortgage P&I
65%
$1,028
Property Taxes
9%
$147
Home Insurance
4%
$66
HOA
0%
$0
Property Management
10%
$159
CapEx
5%
$80
Vacancy
6%
$95
Maintenance
5%
$80
Other
0%
$0