This property looks like a bad Long-Term investment with a projected -6.07% first-year return on $37,779 initial cash invested.
-6.07%
Cash On Cash
5.77%
Cap Rate
0.87
DSCR
$1,300
Rent
-$191
Cashflow
Cash Flow
$1,300 income − $1,491 expenses = $191 out of pocket
Investment Breakdown
|
Purchase Price
$180k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$37,779
Downpayment
20%
$35,980
Closing costs
1%
$1,799
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,300
Total Expenses
$1,491
Mortgage P&I
76%
$991
Property Taxes
8%
$99
Home Insurance
5%
$63
HOA
0%
$0
Property Management
10%
$130
CapEx
5%
$65
Vacancy
6%
$78
Maintenance
5%
$65
Other
0%
$0