This property looks like a bad Long-Term investment with a projected -1.38% first-year return on $41,790 initial cash invested.
-1.38%
Cash On Cash
6.9%
Cap Rate
1.04
DSCR
$1,837
Rent
-$48
Cashflow
Cash Flow
$1,837 income − $1,885 expenses = $48 out of pocket
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,790
Downpayment
20%
$39,800
Closing costs
1%
$1,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,837
Total Expenses
$1,885
Mortgage P&I
60%
$1,100
Property Taxes
13%
$237
Home Insurance
4%
$70
HOA
0%
$0
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0