This property looks like a bad Long-Term investment with a projected -14.06% first-year return on $38,588 initial cash invested.
-14.06%
Cash On Cash
4.13%
Cap Rate
0.63
DSCR
$1,635
Rent
-$452
Cashflow
Cash Flow
$1,635 income − $2,087 expenses = $452 out of pocket
Investment Breakdown
|
Purchase Price
$184k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,588
Downpayment
20%
$36,750
Closing costs
1%
$1,838
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,635
Total Expenses
$2,087
Mortgage P&I
61%
$1,003
Property Taxes
34%
$556
Home Insurance
4%
$64
HOA
2%
$38
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0