This property looks like a bad Long-Term investment with a projected -3.88% first-year return on $41,790 initial cash invested.
-3.88%
Cash On Cash
6.43%
Cap Rate
0.95
DSCR
$1,485
Rent
-$135
Cashflow
Cash Flow
$1,485 income − $1,620 expenses = $135 out of pocket
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,485
Total Expenses
$1,620
Mortgage P&I
76%
$1,127
Property Taxes
3%
$38
Home Insurance
5%
$70
HOA
0%
$0
Property Management
10%
$148
CapEx
5%
$74
Vacancy
6%
$89
Maintenance
5%
$74
Other
0%
$0