This property looks like a bad Long-Term investment with a projected -6.66% first-year return on $37,275 initial cash invested.
-6.66%
Cash On Cash
5.67%
Cap Rate
0.86
DSCR
$1,305
Rent
-$207
Cashflow
Cash Flow
$1,305 income − $1,512 expenses = $207 out of pocket
Investment Breakdown
|
Purchase Price
$178k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$37,275
Downpayment
20%
$35,500
Closing costs
1%
$1,775
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,305
Total Expenses
$1,512
Mortgage P&I
75%
$981
Property Taxes
10%
$135
Home Insurance
4%
$58
HOA
0%
$0
Property Management
10%
$130
CapEx
5%
$65
Vacancy
6%
$78
Maintenance
5%
$65
Other
0%
$0