This property looks like a bad Long-Term investment with a projected -10.5% first-year return on $41,496 initial cash invested.
-10.5%
Cash On Cash
4.82%
Cap Rate
0.73
DSCR
$1,477
Rent
-$363
Cashflow
Cash Flow
$1,477 income − $1,840 expenses = $363 out of pocket
Investment Breakdown
|
Purchase Price
$198k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,496
Downpayment
20%
$39,520
Closing costs
1%
$1,976
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,477
Total Expenses
$1,840
Mortgage P&I
73%
$1,082
Property Taxes
18%
$272
Home Insurance
7%
$101
HOA
0%
$0
Property Management
10%
$148
CapEx
5%
$74
Vacancy
6%
$89
Maintenance
5%
$74
Other
0%
$0