This property looks like a bad Long-Term investment with a projected -6.23% first-year return on $42,567 initial cash invested.
-6.23%
Cash On Cash
5.88%
Cap Rate
0.88
DSCR
$1,620
Rent
-$221
Cashflow
Cash Flow
$1,620 income − $1,841 expenses = $221 out of pocket
Investment Breakdown
|
Purchase Price
$203k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,567
Downpayment
20%
$40,540
Closing costs
1%
$2,027
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,620
Total Expenses
$1,841
Mortgage P&I
70%
$1,134
Property Taxes
14%
$220
Home Insurance
4%
$66
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0