This property looks like a bad Long-Term investment with a projected -13.22% first-year return on $38,766 initial cash invested.
-13.22%
Cash On Cash
4.14%
Cap Rate
0.64
DSCR
$1,252
Rent
-$427
Cashflow
Cash Flow
$1,252 income − $1,679 expenses = $427 out of pocket
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,766
Downpayment
20%
$36,920
Closing costs
1%
$1,846
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,252
Total Expenses
$1,679
Mortgage P&I
80%
$1,001
Property Taxes
23%
$286
Home Insurance
5%
$66
HOA
0%
$0
Property Management
10%
$125
CapEx
5%
$63
Vacancy
6%
$75
Maintenance
5%
$63
Other
0%
$0