This property looks like a bad Long-Term investment with a projected -14.85% first-year return on $39,606 initial cash invested.
-14.85%
Cash On Cash
4.08%
Cap Rate
0.6
DSCR
$1,351
Rent
-$490
Cashflow
Cash Flow
$1,351 income − $1,841 expenses = $490 out of pocket
Investment Breakdown
|
Purchase Price
$189k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$39,606
Downpayment
20%
$37,720
Closing costs
1%
$1,886
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,351
Total Expenses
$1,841
Mortgage P&I
79%
$1,064
Property Taxes
26%
$357
Home Insurance
5%
$68
HOA
0%
$0
Property Management
10%
$135
CapEx
5%
$68
Vacancy
6%
$81
Maintenance
5%
$68
Other
0%
$0