This property looks like a bad Long-Term investment with a projected -2.57% first-year return on $40,572 initial cash invested.
-2.57%
Cash On Cash
6.71%
Cap Rate
0.99
DSCR
$1,573
Rent
-$87
Cashflow
Cash Flow
$1,573 income − $1,660 expenses = $87 out of pocket
Investment Breakdown
|
Purchase Price
$193k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$40,572
Downpayment
20%
$38,640
Closing costs
1%
$1,932
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,573
Total Expenses
$1,660
Mortgage P&I
69%
$1,089
Property Taxes
6%
$94
Home Insurance
4%
$68
HOA
0%
$0
Property Management
10%
$157
CapEx
5%
$79
Vacancy
6%
$94
Maintenance
5%
$79
Other
0%
$0