This property looks like a bad Long-Term investment with a projected -3.74% first-year return on $38,850 initial cash invested.
-3.74%
Cash On Cash
6.49%
Cap Rate
0.96
DSCR
$1,489
Rent
-$121
Cashflow
Cash Flow
$1,489 income − $1,610 expenses = $121 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
$1,489
Total Expenses
$1,610
Mortgage P&I
70%
$1,047
Property Taxes
8%
$112
Home Insurance
4%
$65
HOA
0%
$0
Property Management
10%
$149
CapEx
5%
$74
Vacancy
6%
$89
Maintenance
5%
$74
Other
0%
$0