This property looks like a bad Long-Term investment with a projected -1.45% first-year return on $38,850 initial cash invested.
-1.45%
Cash On Cash
6.54%
Cap Rate
1.02
DSCR
$1,405
Rent
-$47
Cashflow
Cash Flow
$1,405 income − $1,452 expenses = $47 out of pocket
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,405
Total Expenses
$1,452
Mortgage P&I
70%
$985
Property Taxes
3%
$38
Home Insurance
5%
$65
HOA
0%
$0
Property Management
10%
$140
CapEx
5%
$70
Vacancy
6%
$84
Maintenance
5%
$70
Other
0%
$0