This property looks like a bad Long-Term investment with a projected -2.18% first-year return on $42,441 initial cash invested.
-2.18%
Cash On Cash
6.54%
Cap Rate
1.01
DSCR
$1,796
Rent
-$77
Cashflow
Cash Flow
$1,796 income − $1,873 expenses = $77 out of pocket
Investment Breakdown
|
Purchase Price
$202k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,441
Downpayment
20%
$40,420
Closing costs
1%
$2,021
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,796
Total Expenses
$1,873
Mortgage P&I
61%
$1,089
Property Taxes
13%
$228
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0