This property looks like a bad Long-Term investment with a projected -13.52% first-year return on $43,050 initial cash invested.
-13.52%
Cash On Cash
4.09%
Cap Rate
0.62
DSCR
$1,026
Rent
-$485
Cashflow
Cash Flow
$1,026 income − $1,511 expenses = $485 out of pocket
Investment Breakdown
|
Purchase Price
$205k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$43,050
Downpayment
20%
$41,000
Closing costs
1%
$2,050
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,026
Total Expenses
$1,511
Mortgage P&I
110%
$1,133
Property Taxes
4%
$39
Home Insurance
7%
$72
HOA
0%
$0
Property Management
10%
$103
CapEx
5%
$51
Vacancy
6%
$62
Maintenance
5%
$51
Other
0%
$0