This property looks like a bad Long-Term investment with a projected -6.51% first-year return on $38,913 initial cash invested.
-6.51%
Cash On Cash
5.67%
Cap Rate
0.87
DSCR
$1,603
Rent
-$211
Cashflow
Cash Flow
$1,603 income − $1,814 expenses = $211 out of pocket
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,913
Downpayment
20%
$37,060
Closing costs
1%
$1,853
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,603
Total Expenses
$1,814
Mortgage P&I
63%
$1,006
Property Taxes
20%
$326
Home Insurance
4%
$66
HOA
0%
$0
Property Management
10%
$160
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0