This property looks like a bad Long-Term investment with a projected -1.92% first-year return on $41,790 initial cash invested.
-1.92%
Cash On Cash
6.8%
Cap Rate
1.01
DSCR
$1,580
Rent
-$67
Cashflow
Cash Flow
$1,580 income − $1,647 expenses = $67 out of pocket
Investment Breakdown
|
Purchase Price
$199k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,580
Total Expenses
$1,647
Mortgage P&I
71%
$1,116
Property Taxes
3%
$50
Home Insurance
4%
$70
HOA
0%
$0
Property Management
10%
$158
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0