This property looks like a bad Long-Term investment with a projected -18.41% first-year return on $42,819 initial cash invested.
-18.41%
Cash On Cash
3.09%
Cap Rate
0.47
DSCR
$1,165
Rent
-$657
Cashflow
Cash Flow
$1,165 income − $1,822 expenses = $657 out of pocket
Investment Breakdown
|
Purchase Price
$204k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,819
Downpayment
20%
$40,780
Closing costs
1%
$2,039
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,165
Total Expenses
$1,822
Mortgage P&I
96%
$1,124
Property Taxes
24%
$274
Home Insurance
10%
$122
HOA
0%
$0
Property Management
10%
$116
CapEx
5%
$58
Vacancy
6%
$70
Maintenance
5%
$58
Other
0%
$0