This property looks like a bad Long-Term investment with a projected -13.34% first-year return on $42,294 initial cash invested.
-13.34%
Cash On Cash
4.33%
Cap Rate
0.64
DSCR
$1,215
Rent
-$470
Cashflow
Cash Flow
$1,215 income − $1,685 expenses = $470 out of pocket
Investment Breakdown
|
Purchase Price
$201k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,294
Downpayment
20%
$40,280
Closing costs
1%
$2,014
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,215
Total Expenses
$1,685
Mortgage P&I
94%
$1,136
Property Taxes
13%
$160
Home Insurance
6%
$72
HOA
0%
$0
Property Management
10%
$122
CapEx
5%
$61
Vacancy
6%
$73
Maintenance
5%
$61
Other
0%
$0