This property looks like a bad Long-Term investment with a projected -7.07% first-year return on $38,871 initial cash invested.
-7.07%
Cash On Cash
5.69%
Cap Rate
0.85
DSCR
$1,543
Rent
-$229
Cashflow
Cash Flow
$1,543 income − $1,772 expenses = $229 out of pocket
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,871
Downpayment
20%
$37,020
Closing costs
1%
$1,851
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,543
Total Expenses
$1,772
Mortgage P&I
67%
$1,030
Property Taxes
18%
$275
Home Insurance
4%
$66
HOA
0%
$0
Property Management
10%
$154
CapEx
5%
$77
Vacancy
6%
$93
Maintenance
5%
$77
Other
0%
$0