This property looks like a bad Long-Term investment with a projected -4.48% first-year return on $40,950 initial cash invested.
-4.48%
Cash On Cash
6.06%
Cap Rate
0.93
DSCR
$1,619
Rent
-$153
Cashflow
Cash Flow
$1,619 income − $1,772 expenses = $153 out of pocket
Investment Breakdown
|
Purchase Price
$195k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$40,950
Downpayment
20%
$39,000
Closing costs
1%
$1,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,619
Total Expenses
$1,772
Mortgage P&I
65%
$1,057
Property Taxes
14%
$226
Home Insurance
4%
$68
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0