This property looks like a bad Long-Term investment with a projected -14.49% first-year return on $42,651 initial cash invested.
-14.49%
Cash On Cash
4.18%
Cap Rate
0.61
DSCR
$1,403
Rent
-$515
Cashflow
Cash Flow
$1,403 income − $1,918 expenses = $515 out of pocket
Investment Breakdown
|
Purchase Price
$203k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,651
Downpayment
20%
$40,620
Closing costs
1%
$2,031
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,403
Total Expenses
$1,918
Mortgage P&I
82%
$1,152
Property Taxes
24%
$338
Home Insurance
5%
$64
HOA
0%
$0
Property Management
10%
$140
CapEx
5%
$70
Vacancy
6%
$84
Maintenance
5%
$70
Other
0%
$0