This property looks like a bad Long-Term investment with a projected -7.81% first-year return on $42,693 initial cash invested.
-7.81%
Cash On Cash
5.41%
Cap Rate
0.82
DSCR
$1,424
Rent
-$278
Cashflow
Cash Flow
$1,424 income − $1,702 expenses = $278 out of pocket
Investment Breakdown
|
Purchase Price
$203k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,693
Downpayment
20%
$40,660
Closing costs
1%
$2,033
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,424
Total Expenses
$1,702
Mortgage P&I
79%
$1,123
Property Taxes
10%
$136
Home Insurance
5%
$74
HOA
0%
$0
Property Management
10%
$142
CapEx
5%
$71
Vacancy
6%
$85
Maintenance
5%
$71
Other
0%
$0