This property looks like a bad Long-Term investment with a projected -5.86% first-year return on $38,325 initial cash invested.
-5.86%
Cash On Cash
5.65%
Cap Rate
0.88
DSCR
$1,317
Rent
-$187
Cashflow
Cash Flow
$1,317 income − $1,504 expenses = $187 out of pocket
Investment Breakdown
|
Purchase Price
$183k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,325
Downpayment
20%
$36,500
Closing costs
1%
$1,825
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,317
Total Expenses
$1,504
Mortgage P&I
74%
$980
Property Taxes
9%
$117
Home Insurance
5%
$64
HOA
0%
$0
Property Management
10%
$132
CapEx
5%
$66
Vacancy
6%
$79
Maintenance
5%
$66
Other
0%
$0