This property looks like a bad Long-Term investment with a projected -4.29% first-year return on $41,664 initial cash invested.
-4.29%
Cash On Cash
6.28%
Cap Rate
0.93
DSCR
$1,490
Rent
-$149
Cashflow
Cash Flow
$1,490 income − $1,639 expenses = $149 out of pocket
Investment Breakdown
|
Purchase Price
$198k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,664
Downpayment
20%
$39,680
Closing costs
1%
$1,984
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,490
Total Expenses
$1,639
Mortgage P&I
75%
$1,113
Property Taxes
7%
$108
Home Insurance
2%
$32
HOA
0%
$0
Property Management
10%
$149
CapEx
5%
$74
Vacancy
6%
$89
Maintenance
5%
$74
Other
0%
$0