This property looks like a bad Long-Term investment with a projected -4.2% first-year return on $37,464 initial cash invested.
-4.2%
Cash On Cash
6.38%
Cap Rate
0.94
DSCR
$1,471
Rent
-$131
Cashflow
Cash Flow
$1,471 income − $1,602 expenses = $131 out of pocket
Investment Breakdown
|
Purchase Price
$178k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$37,464
Downpayment
20%
$35,680
Closing costs
1%
$1,784
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,471
Total Expenses
$1,602
Mortgage P&I
68%
$1,006
Property Taxes
10%
$147
Home Insurance
4%
$66
HOA
0%
$0
Property Management
10%
$147
CapEx
5%
$74
Vacancy
6%
$88
Maintenance
5%
$74
Other
0%
$0