This property looks like a bad Long-Term investment with a projected -10.13% first-year return on $41,328 initial cash invested.
-10.13%
Cash On Cash
4.88%
Cap Rate
0.74
DSCR
$1,259
Rent
-$349
Cashflow
Cash Flow
$1,259 income − $1,608 expenses = $349 out of pocket
Investment Breakdown
|
Purchase Price
$197k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,328
Downpayment
20%
$39,360
Closing costs
1%
$1,968
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,259
Total Expenses
$1,608
Mortgage P&I
86%
$1,087
Property Taxes
10%
$123
Home Insurance
6%
$70
HOA
0%
$0
Property Management
10%
$126
CapEx
5%
$63
Vacancy
6%
$76
Maintenance
5%
$63
Other
0%
$0