This property looks like a bad Long-Term investment with a projected -11.59% first-year return on $41,622 initial cash invested.
-11.59%
Cash On Cash
4.41%
Cap Rate
0.68
DSCR
$1,227
Rent
-$402
Cashflow
Cash Flow
$1,227 income − $1,629 expenses = $402 out of pocket
Investment Breakdown
|
Purchase Price
$198k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,227
Total Expenses
$1,629
Mortgage P&I
87%
$1,069
Property Taxes
14%
$167
Home Insurance
6%
$74
HOA
0%
$0
Property Management
10%
$123
CapEx
5%
$61
Vacancy
6%
$74
Maintenance
5%
$61
Other
0%
$0