This property looks like a bad Long-Term investment with a projected -6.76% first-year return on $38,010 initial cash invested.
-6.76%
Cash On Cash
5.32%
Cap Rate
0.85
DSCR
$1,464
Rent
-$214
Cashflow
Cash Flow
$1,464 income − $1,678 expenses = $214 out of pocket
Investment Breakdown
|
Purchase Price
$181k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,010
Downpayment
20%
$36,200
Closing costs
1%
$1,810
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,464
Total Expenses
$1,678
Mortgage P&I
64%
$943
Property Taxes
20%
$292
Home Insurance
4%
$63
HOA
0%
$0
Property Management
10%
$146
CapEx
5%
$73
Vacancy
6%
$88
Maintenance
5%
$73
Other
0%
$0