This property looks like a bad Long-Term investment with a projected -5.45% first-year return on $41,832 initial cash invested.
-5.45%
Cash On Cash
5.8%
Cap Rate
0.9
DSCR
$1,610
Rent
-$190
Cashflow
Cash Flow
$1,610 income − $1,800 expenses = $190 out of pocket
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,610
Total Expenses
$1,800
Mortgage P&I
67%
$1,072
Property Taxes
15%
$240
Home Insurance
4%
$70
HOA
0%
$0
Property Management
10%
$161
CapEx
5%
$80
Vacancy
6%
$97
Maintenance
5%
$80
Other
0%
$0