This property looks like a bad Long-Term investment with a projected -12.5% first-year return on $37,905 initial cash invested.
-12.5%
Cash On Cash
4.58%
Cap Rate
0.68
DSCR
$1,279
Rent
-$395
Cashflow
Cash Flow
$1,279 income − $1,674 expenses = $395 out of pocket
Investment Breakdown
|
Purchase Price
$181k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$37,905
Downpayment
20%
$36,100
Closing costs
1%
$1,805
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,279
Total Expenses
$1,674
Mortgage P&I
80%
$1,020
Property Taxes
20%
$258
Home Insurance
5%
$63
HOA
0%
$0
Property Management
10%
$128
CapEx
5%
$64
Vacancy
6%
$77
Maintenance
5%
$64
Other
0%
$0