This property looks like a bad Long-Term investment with a projected -6.45% first-year return on $40,950 initial cash invested.
-6.45%
Cash On Cash
5.75%
Cap Rate
0.87
DSCR
$1,571
Rent
-$220
Cashflow
Cash Flow
$1,571 income − $1,791 expenses = $220 out of pocket
Investment Breakdown
|
Purchase Price
$195k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$40,950
Downpayment
20%
$39,000
Closing costs
1%
$1,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,571
Total Expenses
$1,791
Mortgage P&I
68%
$1,076
Property Taxes
15%
$238
Home Insurance
4%
$68
HOA
0%
$0
Property Management
10%
$157
CapEx
5%
$79
Vacancy
6%
$94
Maintenance
5%
$79
Other
0%
$0