This property looks like a bad Long-Term investment with a projected -1.53% first-year return on $41,622 initial cash invested.
-1.53%
Cash On Cash
6.89%
Cap Rate
1.02
DSCR
$1,570
Rent
-$53
Cashflow
Cash Flow
$1,570 income − $1,623 expenses = $53 out of pocket
Investment Breakdown
|
Purchase Price
$198k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,622
Downpayment
20%
$39,640
Closing costs
1%
$1,982
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,570
Total Expenses
$1,623
Mortgage P&I
71%
$1,113
Property Taxes
2%
$33
Home Insurance
4%
$70
HOA
0%
$0
Property Management
10%
$157
CapEx
5%
$78
Vacancy
6%
$94
Maintenance
5%
$78
Other
0%
$0