This property looks like a bad Long-Term investment with a projected -4.19% first-year return on $38,619 initial cash invested.
-4.19%
Cash On Cash
6.18%
Cap Rate
0.95
DSCR
$1,648
Rent
-$135
Cashflow
Cash Flow
$1,648 income − $1,783 expenses = $135 out of pocket
Investment Breakdown
|
Purchase Price
$184k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,619
Downpayment
20%
$36,780
Closing costs
1%
$1,839
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,648
Total Expenses
$1,783
Mortgage P&I
61%
$1,000
Property Taxes
17%
$287
Home Insurance
4%
$68
HOA
0%
$0
Property Management
10%
$165
CapEx
5%
$82
Vacancy
6%
$99
Maintenance
5%
$82
Other
0%
$0