This property looks like a bad Long-Term investment with a projected -9.95% first-year return on $40,299 initial cash invested.
-9.95%
Cash On Cash
4.98%
Cap Rate
0.74
DSCR
$1,168
Rent
-$334
Cashflow
Cash Flow
$1,168 income − $1,502 expenses = $334 out of pocket
Investment Breakdown
|
Purchase Price
$192k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$40,299
Downpayment
20%
$38,380
Closing costs
1%
$1,919
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,168
Total Expenses
$1,502
Mortgage P&I
92%
$1,073
Property Taxes
5%
$59
Home Insurance
6%
$67
HOA
0%
$0
Property Management
10%
$117
CapEx
5%
$58
Vacancy
6%
$70
Maintenance
5%
$58
Other
0%
$0