This property looks like a bad Long-Term investment with a projected -1.96% first-year return on $40,950 initial cash invested.
-1.96%
Cash On Cash
6.64%
Cap Rate
1.01
DSCR
$1,576
Rent
-$67
Cashflow
Cash Flow
$1,576 income − $1,643 expenses = $67 out of pocket
Investment Breakdown
|
Purchase Price
$195k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,576
Total Expenses
$1,643
Mortgage P&I
68%
$1,067
Property Taxes
6%
$97
Home Insurance
4%
$68
HOA
0%
$0
Property Management
10%
$158
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0