This property looks like a bad Long-Term investment with a projected -5.59% first-year return on $42,945 initial cash invested.
-5.59%
Cash On Cash
6.05%
Cap Rate
0.89
DSCR
$1,545
Rent
-$200
Cashflow
Cash Flow
$1,545 income − $1,745 expenses = $200 out of pocket
Investment Breakdown
|
Purchase Price
$205k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,945
Downpayment
20%
$40,900
Closing costs
1%
$2,045
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,545
Total Expenses
$1,745
Mortgage P&I
75%
$1,154
Property Taxes
8%
$117
Home Insurance
5%
$73
HOA
0%
$0
Property Management
10%
$154
CapEx
5%
$77
Vacancy
6%
$93
Maintenance
5%
$77
Other
0%
$0