This property looks like a bad Long-Term investment with a projected -8.24% first-year return on $38,892 initial cash invested.
-8.24%
Cash On Cash
5.27%
Cap Rate
0.8
DSCR
$1,330
Rent
-$267
Cashflow
Cash Flow
$1,330 income − $1,597 expenses = $267 out of pocket
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,892
Downpayment
20%
$37,040
Closing costs
1%
$1,852
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,330
Total Expenses
$1,597
Mortgage P&I
76%
$1,015
Property Taxes
13%
$171
Home Insurance
5%
$66
HOA
0%
$0
Property Management
10%
$133
CapEx
5%
$66
Vacancy
6%
$80
Maintenance
5%
$66
Other
0%
$0