This property looks like a bad Long-Term investment with a projected -8.06% first-year return on $41,559 initial cash invested.
-8.06%
Cash On Cash
5.54%
Cap Rate
0.82
DSCR
$1,617
Rent
-$279
Cashflow
Cash Flow
$1,617 income − $1,896 expenses = $279 out of pocket
Investment Breakdown
|
Purchase Price
$198k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,559
Downpayment
20%
$39,580
Closing costs
1%
$1,979
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,617
Total Expenses
$1,896
Mortgage P&I
69%
$1,111
Property Taxes
18%
$294
Home Insurance
4%
$70
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0