This property looks like a bad Long-Term investment with a projected -1.36% first-year return on $38,850 initial cash invested.
-1.36%
Cash On Cash
7.13%
Cap Rate
1.08
DSCR
$2,426
Rent
-$44
Cashflow
Cash Flow
$2,426 income − $2,470 expenses = $44 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
$2,426
Total Expenses
$2,470
Mortgage P&I
42%
$1,022
Property Taxes
31%
$752
Home Insurance
3%
$65
HOA
0%
$0
Property Management
10%
$243
CapEx
5%
$121
Vacancy
6%
$146
Maintenance
5%
$121
Other
0%
$0