This property looks like a bad Long-Term investment with a projected -13.78% first-year return on $38,850 initial cash invested.
-13.78%
Cash On Cash
4.23%
Cap Rate
0.63
DSCR
$1,389
Rent
-$446
Cashflow
Cash Flow
$1,389 income − $1,835 expenses = $446 out of pocket
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,850
Downpayment
20%
$37,000
Closing costs
1%
$1,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,389
Total Expenses
$1,835
Mortgage P&I
74%
$1,029
Property Taxes
27%
$381
Home Insurance
5%
$65
HOA
0%
$0
Property Management
10%
$139
CapEx
5%
$69
Vacancy
6%
$83
Maintenance
5%
$69
Other
0%
$0