This property looks like a bad Long-Term investment with a projected -7.7% first-year return on $38,808 initial cash invested.
-7.7%
Cash On Cash
5.4%
Cap Rate
0.81
DSCR
$1,179
Rent
-$249
Cashflow
Cash Flow
$1,179 income − $1,428 expenses = $249 out of pocket
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,808
Downpayment
20%
$36,960
Closing costs
1%
$1,848
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,179
Total Expenses
$1,428
Mortgage P&I
87%
$1,021
Property Taxes
3%
$34
Home Insurance
6%
$66
HOA
0%
$0
Property Management
10%
$118
CapEx
5%
$59
Vacancy
6%
$71
Maintenance
5%
$59
Other
0%
$0