This property looks like a bad Long-Term investment with a projected -5.9% first-year return on $38,430 initial cash invested.
-5.9%
Cash On Cash
5.68%
Cap Rate
0.88
DSCR
$1,513
Rent
-$189
Cashflow
Cash Flow
$1,513 income − $1,702 expenses = $189 out of pocket
Investment Breakdown
|
Purchase Price
$183k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,430
Downpayment
20%
$36,600
Closing costs
1%
$1,830
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,513
Total Expenses
$1,702
Mortgage P&I
65%
$979
Property Taxes
17%
$264
Home Insurance
4%
$65
HOA
0%
$0
Property Management
10%
$151
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0