This property looks like a bad Long-Term investment with a projected -2.99% first-year return on $38,934 initial cash invested.
-2.99%
Cash On Cash
6.56%
Cap Rate
0.99
DSCR
$1,733
Rent
-$97
Cashflow
Cash Flow
$1,733 income − $1,830 expenses = $97 out of pocket
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,934
Downpayment
20%
$37,080
Closing costs
1%
$1,854
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,733
Total Expenses
$1,830
Mortgage P&I
59%
$1,024
Property Taxes
15%
$267
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$173
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0