This property looks like a bad Long-Term investment with a projected -5.87% first-year return on $37,800 initial cash invested.
-5.87%
Cash On Cash
5.94%
Cap Rate
0.88
DSCR
$1,342
Rent
-$185
Cashflow
Cash Flow
$1,342 income − $1,527 expenses = $185 out of pocket
Investment Breakdown
|
Purchase Price
$180k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$37,800
Downpayment
20%
$36,000
Closing costs
1%
$1,800
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,342
Total Expenses
$1,527
Mortgage P&I
75%
$1,009
Property Taxes
8%
$106
Home Insurance
5%
$63
HOA
0%
$0
Property Management
10%
$134
CapEx
5%
$67
Vacancy
6%
$81
Maintenance
5%
$67
Other
0%
$0