This property looks like a bad Long-Term investment with a projected -4.58% first-year return on $40,845 initial cash invested.
-4.58%
Cash On Cash
6.22%
Cap Rate
0.92
DSCR
$1,442
Rent
-$156
Cashflow
Cash Flow
$1,442 income − $1,598 expenses = $156 out of pocket
Investment Breakdown
|
Purchase Price
$195k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$40,845
Downpayment
20%
$38,900
Closing costs
1%
$1,945
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,442
Total Expenses
$1,598
Mortgage P&I
76%
$1,092
Property Taxes
4%
$62
Home Insurance
5%
$69
HOA
0%
$0
Property Management
10%
$144
CapEx
5%
$72
Vacancy
6%
$87
Maintenance
5%
$72
Other
0%
$0