This property looks like a bad Long-Term investment with a projected -6.08% first-year return on $37,527 initial cash invested.
-6.08%
Cash On Cash
5.63%
Cap Rate
0.88
DSCR
$1,463
Rent
-$190
Cashflow
Cash Flow
$1,463 income − $1,653 expenses = $190 out of pocket
Investment Breakdown
|
Purchase Price
$179k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$37,527
Downpayment
20%
$35,740
Closing costs
1%
$1,787
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,463
Total Expenses
$1,653
Mortgage P&I
65%
$955
Property Taxes
17%
$255
Home Insurance
4%
$63
HOA
0%
$0
Property Management
10%
$146
CapEx
5%
$73
Vacancy
6%
$88
Maintenance
5%
$73
Other
0%
$0