This property looks like a bad Long-Term investment with a projected -1.17% first-year return on $38,829 initial cash invested.
-1.17%
Cash On Cash
6.58%
Cap Rate
1.03
DSCR
$1,386
Rent
-$38
Cashflow
Cash Flow
$1,386 income − $1,424 expenses = $38 out of pocket
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,829
Downpayment
20%
$36,980
Closing costs
1%
$1,849
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,386
Total Expenses
$1,424
Mortgage P&I
71%
$983
Property Taxes
1%
$16
Home Insurance
5%
$65
HOA
0%
$0
Property Management
10%
$139
CapEx
5%
$69
Vacancy
6%
$83
Maintenance
5%
$69
Other
0%
$0