This property looks like a bad Long-Term investment with a projected -6.38% first-year return on $42,336 initial cash invested.
-6.38%
Cash On Cash
5.67%
Cap Rate
0.87
DSCR
$1,646
Rent
-$225
Cashflow
Cash Flow
$1,646 income − $1,871 expenses = $225 out of pocket
Investment Breakdown
|
Purchase Price
$202k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,336
Downpayment
20%
$40,320
Closing costs
1%
$2,016
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,646
Total Expenses
$1,871
Mortgage P&I
67%
$1,096
Property Taxes
17%
$272
Home Insurance
5%
$75
HOA
0%
$0
Property Management
10%
$165
CapEx
5%
$82
Vacancy
6%
$99
Maintenance
5%
$82
Other
0%
$0