This property looks like a bad Long-Term investment with a projected -4.75% first-year return on $37,674 initial cash invested.
-4.75%
Cash On Cash
6.23%
Cap Rate
0.92
DSCR
$1,439
Rent
-$149
Cashflow
Cash Flow
$1,439 income − $1,588 expenses = $149 out of pocket
Investment Breakdown
|
Purchase Price
$179k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$37,674
Downpayment
20%
$35,880
Closing costs
1%
$1,794
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,439
Total Expenses
$1,588
Mortgage P&I
70%
$1,008
Property Taxes
10%
$141
Home Insurance
5%
$65
HOA
0%
$0
Property Management
10%
$144
CapEx
5%
$72
Vacancy
6%
$86
Maintenance
5%
$72
Other
0%
$0