This property looks like a bad Long-Term investment with a projected -2.76% first-year return on $39,165 initial cash invested.
-2.76%
Cash On Cash
6.42%
Cap Rate
0.99
DSCR
$1,539
Rent
-$90
Cashflow
Cash Flow
$1,539 income − $1,629 expenses = $90 out of pocket
Investment Breakdown
|
Purchase Price
$187k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$39,165
Downpayment
20%
$37,300
Closing costs
1%
$1,865
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,539
Total Expenses
$1,629
Mortgage P&I
66%
$1,010
Property Taxes
8%
$121
Home Insurance
6%
$98
HOA
0%
$0
Property Management
10%
$154
CapEx
5%
$77
Vacancy
6%
$92
Maintenance
5%
$77
Other
0%
$0