This property looks like a bad Long-Term investment with a projected -5.25% first-year return on $38,850 initial cash invested.
-5.25%
Cash On Cash
6.15%
Cap Rate
0.91
DSCR
$1,548
Rent
-$170
Cashflow
Cash Flow
$1,548 income − $1,718 expenses = $170 out of pocket
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,548
Total Expenses
$1,718
Mortgage P&I
67%
$1,041
Property Taxes
14%
$210
Home Insurance
4%
$65
HOA
0%
$0
Property Management
10%
$155
CapEx
5%
$77
Vacancy
6%
$93
Maintenance
5%
$77
Other
0%
$0