This property looks like a bad Long-Term investment with a projected -8.09% first-year return on $38,997 initial cash invested.
-8.09%
Cash On Cash
5.28%
Cap Rate
0.81
DSCR
$1,447
Rent
-$263
Cashflow
Cash Flow
$1,447 income − $1,710 expenses = $263 out of pocket
Investment Breakdown
|
Purchase Price
$186k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,997
Downpayment
20%
$37,140
Closing costs
1%
$1,857
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,447
Total Expenses
$1,710
Mortgage P&I
70%
$1,008
Property Taxes
18%
$260
Home Insurance
5%
$66
HOA
0%
$0
Property Management
10%
$145
CapEx
5%
$72
Vacancy
6%
$87
Maintenance
5%
$72
Other
0%
$0