This property looks like a bad Long-Term investment with a projected -7.7% first-year return on $39,102 initial cash invested.
-7.7%
Cash On Cash
5.59%
Cap Rate
0.83
DSCR
$1,542
Rent
-$251
Cashflow
Cash Flow
$1,542 income − $1,793 expenses = $251 out of pocket
Investment Breakdown
|
Purchase Price
$186k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$39,102
Downpayment
20%
$37,240
Closing costs
1%
$1,862
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,542
Total Expenses
$1,793
Mortgage P&I
68%
$1,041
Property Taxes
19%
$288
Home Insurance
4%
$63
HOA
0%
$0
Property Management
10%
$154
CapEx
5%
$77
Vacancy
6%
$93
Maintenance
5%
$77
Other
0%
$0