This property looks like a bad Long-Term investment with a projected -10.84% first-year return on $38,850 initial cash invested.
-10.84%
Cash On Cash
4.71%
Cap Rate
0.72
DSCR
$1,294
Rent
-$351
Cashflow
Cash Flow
$1,294 income − $1,645 expenses = $351 out of pocket
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,850
Downpayment
20%
$37,000
Closing costs
1%
$1,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,294
Total Expenses
$1,645
Mortgage P&I
78%
$1,012
Property Taxes
18%
$231
Home Insurance
5%
$65
HOA
0%
$0
Property Management
10%
$129
CapEx
5%
$65
Vacancy
6%
$78
Maintenance
5%
$65
Other
0%
$0