This property looks like a bad Long-Term investment with a projected -8.73% first-year return on $38,073 initial cash invested.
-8.73%
Cash On Cash
4.94%
Cap Rate
0.79
DSCR
$1,630
Rent
-$277
Cashflow
Cash Flow
$1,630 income − $1,907 expenses = $277 out of pocket
Investment Breakdown
|
Purchase Price
$181k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,073
Downpayment
20%
$36,260
Closing costs
1%
$1,813
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,630
Total Expenses
$1,907
Mortgage P&I
58%
$941
Property Taxes
29%
$475
Home Insurance
4%
$66
HOA
0%
$0
Property Management
10%
$163
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0