This property looks like a bad Long-Term investment with a projected -2.44% first-year return on $42,756 initial cash invested.
-2.44%
Cash On Cash
6.58%
Cap Rate
0.99
DSCR
$1,562
Rent
-$87
Cashflow
Cash Flow
$1,562 income − $1,649 expenses = $87 out of pocket
Investment Breakdown
|
Purchase Price
$204k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,756
Downpayment
20%
$40,720
Closing costs
1%
$2,036
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,562
Total Expenses
$1,649
Mortgage P&I
72%
$1,126
Property Taxes
3%
$50
Home Insurance
4%
$67
HOA
0%
$0
Property Management
10%
$156
CapEx
5%
$78
Vacancy
6%
$94
Maintenance
5%
$78
Other
0%
$0