This property looks like a bad Long-Term investment with a projected -8.99% first-year return on $38,850 initial cash invested.
-8.99%
Cash On Cash
5.22%
Cap Rate
0.78
DSCR
$1,185
Rent
-$291
Cashflow
Cash Flow
$1,185 income − $1,476 expenses = $291 out of pocket
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,185
Total Expenses
$1,476
Mortgage P&I
88%
$1,037
Property Taxes
6%
$67
Home Insurance
5%
$65
HOA
0%
$0
Property Management
10%
$118
CapEx
5%
$59
Vacancy
6%
$71
Maintenance
5%
$59
Other
0%
$0