This property looks like a bad Long-Term investment with a projected -1.79% first-year return on $38,850 initial cash invested.
-1.79%
Cash On Cash
6.71%
Cap Rate
1.01
DSCR
$1,420
Rent
-$58
Cashflow
Cash Flow
$1,420 income − $1,478 expenses = $58 out of pocket
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,420
Total Expenses
$1,478
Mortgage P&I
72%
$1,022
Property Taxes
2%
$22
Home Insurance
5%
$65
HOA
0%
$0
Property Management
10%
$142
CapEx
5%
$71
Vacancy
6%
$85
Maintenance
5%
$71
Other
0%
$0