This property looks like a bad Long-Term investment with a projected -11.07% first-year return on $41,832 initial cash invested.
-11.07%
Cash On Cash
4.42%
Cap Rate
0.69
DSCR
$1,132
Rent
-$386
Cashflow
Cash Flow
$1,132 income − $1,518 expenses = $386 out of pocket
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,832
Downpayment
20%
$39,840
Closing costs
1%
$1,992
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,132
Total Expenses
$1,518
Mortgage P&I
94%
$1,062
Property Taxes
8%
$91
Home Insurance
6%
$70
HOA
0%
$0
Property Management
10%
$113
CapEx
5%
$57
Vacancy
6%
$68
Maintenance
5%
$57
Other
0%
$0