This property looks like a bad Long-Term investment with a projected -0.68% first-year return on $38,829 initial cash invested.
-0.68%
Cash On Cash
6.83%
Cap Rate
1.06
DSCR
$1,611
Rent
-$22
Cashflow
Cash Flow
$1,611 income − $1,633 expenses = $22 out of pocket
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,829
Downpayment
20%
$36,980
Closing costs
1%
$1,849
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,611
Total Expenses
$1,633
Mortgage P&I
62%
$993
Property Taxes
10%
$155
Home Insurance
4%
$65
HOA
0%
$0
Property Management
10%
$161
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0