This property looks like a bad Long-Term investment with a projected -2.51% first-year return on $39,690 initial cash invested.
-2.51%
Cash On Cash
6.63%
Cap Rate
1.01
DSCR
$1,880
Rent
-$83
Cashflow
Cash Flow
$1,880 income − $1,963 expenses = $83 out of pocket
Investment Breakdown
|
Purchase Price
$189k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$39,690
Downpayment
20%
$37,800
Closing costs
1%
$1,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,880
Total Expenses
$1,963
Mortgage P&I
55%
$1,033
Property Taxes
20%
$373
Home Insurance
4%
$68
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0